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2160 Northwest 22nd Court

Dio Rodriguez Acquires Industrial Property In Miami For $3.25M
SOLDIndustrial

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:

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

Carlos Fausto Miranda

Fausto Commercial Realty Consultants

Broker

$239.3M

vol

54 deals

Broker

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