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2110 NW 23 Ave

Fausto Commercial Realty Consultants Brokers Sale Of Miami Industrial Property To Kyle Klopfer For $1.3M
SOLDIndustrial

Fausto Commercial Realty Consultants Brokers Sale Of Miami Industrial Property To Kyle Klopfer For $1.3M

2110 NW 23 Ave

$1,300,000

$236/SF

Building Size

5,505 SF

Asset Type

Industrial

Closing

Jun 29, 2023

AI

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.

Players

Carlos Fausto Miranda

Fausto Commercial Realty Consultants

Broker

$239.3M

vol

54 deals

Broker

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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93