Dio Rodriguez Acquires Industrial Property In Miami For $3.25M
2160 Northwest 22nd Court
$3,250,000
$650/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
Dec 6, 2023
AI
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.
Players
Miami 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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93