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
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