Updated Oct 28, 2024
Carlos Mejia Acquires Industrial Property In Miami For $4.7M
2175 Northwest 34th Avenue, Miami, Florida 33142, United States
$4,700,000
$159/SF
Building Size
29,455 SF
Asset Type
Industrial
Closing
Mar 3, 2022
About this deal
AI
Ricky Guerrero, Esq. represented both the buyer and seller in the sale of a industrial property located at 2175 NW 34th Ave in Miami. The transaction was closed on 03/04/2022 for a sale price of $4,700,000. The property spans 29,455 square feet, resulting in a price per square foot of $160.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,700,000
- Address: 2175 NW 34th Ave, Miami
- Market: Miami
Carlos Mejia purchased the property from Lou Hammond of Hammond Development Group. The closing attorney for the transaction was Ricky Guerrero, Esq.
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93