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Dio Rodriguez Acquires Allapattah Industrial Property For $3.25M

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SOLD
$3,250,000

Florida

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Industrial5,000 SF
Sold 12/06/2023
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SOLD

Dio Rodriguez Acquires Allapattah Industrial Property For $3.25M

2160 Northwest 22nd Court

See Similar Deals
Industrial5,000 SF
Sold 12/06/2023
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$650
Total Square Footage:5,000 SF
Transaction Type:Sale

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
36 deals$95.6M volume(305) 507-7098
BROKER

Ernesto Diaz
Fausto Commercial Realty Consultants
5 deals$10.7M volume(786) 499-4912
BROKER

Details

SOLD
IMAGE: Ernesto Diaz & Jonathan Eismann DATE: 12/06/2023 ADDRESS: 2160 Northwest 22nd Court MARKET: Allapattah ASSET TYPE: Industrial BUYER: Dio Rodriguez SELLER: Mavel Lopez BUYER'S REP: Ernesto Diaz (@DiazCommercialRE) - Fausto Commercial Realty Consultants (@FaustoCommercial) SELLER'S REP: Jonathan Eismann (@JonEismann) - Gridline Properties (@GridlineProperties) SALE PRICE: $3,250,000 SF: 9,247 ~ PPSF: $351 NOTE FROM SELLER'S REP: This was a very successful off-market transaction that closed 2023 with another record deal. Jonathan Eismann PA represented this buyer on a search that lasted more than two years which resulted in this transaction. This marks Jonathan’s 8th transaction in 33142 in the 2023 calendar year and over 1,000,000 SF of transactions in this sub-market and specific asset type. Allapattah continues to thrive as we import new and dynamic businesses to this logistically important and vibrant Industrial sector.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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