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
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