Updated Oct 19, 2026
The Gindi Family Acquires Industrial Property From Pinelli Inc. In Miami For $53.5M
220 Nw 27th St & 220 Nw 27th St
$53,500,000
Building Size
—
Asset Type
Industrial
Closing
Sep 30, 2016
About this deal
AI
The property involved in this transaction is an industrial asset located at 220 Nw 27th St in the Miami market. The sale occurred on September 30, 2016, for a total price of $53,500,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $53,500,000.00
- Address: 220 Nw 27th St
- Market: Miami
- Buyer: The Gindi Family
- Seller: Pinelli Inc.
- Broker: Tony Arellano - DWNTWN Realty Advisors
This deal includes key individuals such as The Gindi Family as the buyer and Pinelli Inc. as the seller, with representation by Tony Arellano from DWNTWN Realty Advisors, who facilitated the transaction.
On the Map
$53,500,000
Industrial
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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
0.30%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93