Howard Roark Acquires Industrial Property In Allapattah, Miami For $3.15M
SOLD
$3,150,000
Florida
See Similar DealsIndustrial14,000 SF
Sold 11/23/2022
SOLD
Howard Roark Acquires Industrial Property In Allapattah, Miami For $3.15M
2090 Northwest 23rd Street
See Similar DealsIndustrial14,000 SF
Sold 11/23/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$225
Total Square Footage:14,000 SF
Transaction Type:Sale
The industrial property located at 2090 NW 23rd St in Allapattah, Miami has been sold in a transaction. The property spans 14,000 square feet and was sold for a total price of $3,150,000, resulting in a price per square foot of $225. The sale took place on November 23, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,150,000
- Address: 2090 NW 23rd St, Allapattah, Miami
- Square Footage: 14,000
The buyer of the property is Howard Roark, whereas the seller is Edward Chong. Howard Roark was represented by Alfredo Riascos from Gridline Properties, while Bok An from Avanti Way Realty acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28
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