Dio Rodriguez Acquires Industrial Property In Miami For $3.25M
SOLD
$3,250,000
Florida
See Similar DealsIndustrial5,000 SF
Sold 12/06/2023
SOLD
Dio Rodriguez Acquires Industrial Property In Miami For $3.25M
2160 Northwest 22nd Court
See Similar DealsIndustrial5,000 SF
Sold 12/06/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$650
Total Square Footage:5,000 SF
Transaction Type:Sale
The industrial property located at 2160 Northwest 22nd Court in Miami has been sold for a total price of $3,250,000. The property spans 5,000 square feet, resulting in a price per square foot of $650. The transaction took place on 12/06/2023 and involved the following parties:
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,250,000
- Address: 2160 Northwest 22nd Court, Miami
- Square Footage: 5,000
- Price per Square Foot: $650
- Buyer: Dio Rodriguez
- Seller: Mavel Lopez
- Brokers: Ernesto Diaz & Carlos Fausto Miranda - Fausto Commercial Realty Consultants
The buyer in this transaction is Dio Rodriguez, while Mavel Lopez served as the seller. The deal was represented by Ernesto Diaz and Carlos Fausto Miranda from Fausto Commercial Realty Consultants.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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