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2160 Northwest 22nd Court

Dio Rodriguez Acquires Allapattah Industrial Property For $3.25M
SOLDIndustrial

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

Jonathan Eismann

Gridline Properties

Broker

$104.2M

vol

38 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