Updated Sep 9, 2024
Howard Roark Acquires Industrial Property In Allapattah, Miami For $3.15M
2090 Northwest 23rd Street
$3,150,000
$225/SF
Building Size
14,000 SF
Asset Type
Industrial
Closing
Nov 23, 2022
About this deal
AI
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.
On the Map
$3,150,000
$225/SF
Industrial
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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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93