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2059 Northwest 24th Avenue

Julio Blanco Acquires Industrial Property In Miami From Sarah Matz For $2.8M
SOLDIndustrial

Julio Blanco Acquires Industrial Property In Miami From Sarah Matz For $2.8M

2059 Northwest 24th Avenue

$2,800,000

$294/SF

Building Size

9,500 SF

Asset Type

Industrial

Closing

Jan 14, 2026

AI

The asset involved in this transaction is an industrial property located at 2059 Northwest 24th Avenue in Miami. The sale price for the property was $2,800,000, with a total area of 9,500 square feet, resulting in a price per square foot of $294.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,800,000
  • Buyer: Julio Blanco
  • Seller: Sarah Matz
  • Buyer's Representative: Peter Cirera - Village Property Group
  • Seller's Representative: Jonathan Eismann - Gridline Properties

This transaction highlights the involvement of key representatives in the deal, as Peter Cirera from Village Property Group represented the buyer, while Jonathan Eismann from Gridline Properties represented the seller, providing expertise and facilitating the transfer of ownership between Julio Blanco and Sarah Matz.

Players

Jonathan Eismann

Gridline Properties

Broker

$104.2M

vol

38 deals

Broker
Gridline Properties
Gridline PropertiesBrokerage

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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93