Ivan Reyes Acquires Industrial Property From Jose Luya In Pembroke Pines For $1.4M
20841 Johnson Street
$1,400,000
$311/SF
Building Size
4,500 SF
Asset Type
Industrial
Closing
Jun 21, 2026
AI
The sale involves an industrial property located at 20841 Johnson Street in Pembroke Pines, with a total square footage of 4,500. The transaction price reached $1,400,000, translating to a price per square foot of $311.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,400,000
- Address: 20841 Johnson Street
- Market: Pembroke Pines
- Buyer: Ivan Reyes
- Seller: Jose Luya
- Broker: Elkin Sanchez - LPT Realty
- Buyer's Attorney: Giovanni Nicosia - Supreme Title and Escrow
- Square Footage: 4,500
- Price Per Square Foot: $311
Elkin Sanchez represented the transaction as the broker, while Giovanni Nicosia served as the attorney for the buyer, Ivan Reyes, facilitating the legal aspects of the sale process. The involvement of these professionals underscores the collaborative effort behind the transaction in the industrial real estate market in South Florida.
Players
Market 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93