Fausto Commercial Realty Consultants Brokers Sale Of Miami Industrial Property To Kyle Klopfer For $1.3M
SOLD
$1,300,000
Florida
See Similar DealsIndustrial5,505 SF
Sold 06/29/2023
SOLD
Fausto Commercial Realty Consultants Brokers Sale Of Miami Industrial Property To Kyle Klopfer For $1.3M
2110 NW 23 Ave
See Similar DealsIndustrial5,505 SF
Sold 06/29/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$236
Total Square Footage:5,505 SF
Transaction Type:Sale
An industrial property located at 2110 Nw 23 Ave in Miami has been sold for $1,300,000. The property spans across 5,505 square feet and was sold at a price of $236 per square foot. The transaction took place on June 29, 2023, and involved the buyer, Kyle Klopfer, and the seller, Belen Lorenzo.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,300,000
- Square Footage: 5,505
- Price per Square Foot: $236
- Address: 2110 Nw 23 Ave, Miami
The deal was facilitated by Carlos Fausto Miranda and Ernesto Diaz, brokers from Fausto Commercial Realty Consultants, who represented both parties in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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