Updated Oct 28, 2024
Sushil Ahuja Acquires Industrial Property In Allapattah For $1.2M
1880 Northwest 23rd Street, Allapattah, Miami, FL, USA
$1,225,000
$60/SF
Building Size
20,158 SF
Asset Type
Industrial
Closing
May 28, 2020
About this deal
AI
An industrial property located at 1880 NW 23rd Street in Allapattah has been sold. The property spans 20,158 square feet and was sold for a price of $1,225,000, resulting in a price per square foot of $61. The sale took place on May 28, 2021. The seller of the property was the AAM Family Trust, while the buyer was Sushil Ahuja. The transaction was facilitated by broker Jonathan Eismann from Gridline Properties.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,225,000
- Address: 1880 NW 23rd Street
- Market: Allapattah
This transaction showcases the active industrial market in Allapattah. With a sale price of $1,225,000 and a price per square foot of $61, this property offers a valuable investment opportunity in the area. The involvement of broker Jonathan Eismann from Gridline Properties highlights the role of industry professionals in facilitating such deals.
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93