Dio Rodriguez Acquires Allapattah Industrial Property 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
Located in the vibrant Allapattah market, this industrial property at 2160 Northwest 22nd Court has recently changed hands in a closed transaction. The property spans across 9,247 square feet and was sold for a price of $3,250,000, resulting in a price per square foot of $351.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,250,000
- Square Footage: 9,247
- Address: 2160 Northwest 22nd Court
- Market: Allapattah
The buyer, Dio Rodriguez, acquired this property from the seller, Mavel Lopez. Ernesto Diaz, representing Fausto Commercial Realty Consultants, acted as the buyer's representative in this transaction. On the other hand, the seller was represented by Jonathan Eismann from Gridline Properties.
This successful off-market deal marked Jonathan Eismann's 8th transaction in the Allapattah market in the year 2023. Additionally, Eismann has facilitated over 1,000,000 square feet of transactions in this specific asset type and sub-market. Allapattah continues to thrive as a logistically important and vibrant industrial sector, attracting dynamic businesses.
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