facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

2090 Northwest 23rd Street

Howard Roark Acquires Industrial Property In Allapattah, Miami For $3.15M
SOLDIndustrial

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

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.

Players

Alfredo Riascos

Gridline Properties

Broker

$331.2M

vol

49 deals

Broker

Howard Roark

Buyer

$44M

vol

10 deals

Buyer

Miami Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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