Alex Rodriguez Acquires Allapattah Industrial Property For $3.85M With Representation From Martijn Rentema & Francisco Giron - JACOG Advisors
2201 NW 24th Ave Miami, FL 33142, USA
$3,850,000
$300/SF
Building Size
12,825 SF
Asset Type
Industrial
Closing
Jun 9, 2023
AI
An industrial property located at 2201 NW 24 Ave in Allapattah has been sold for $3,850,000. The property spans across a total area of 12,825 square feet, resulting in a price per square foot of $300.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,850,000
- Address: 2201 NW 24 Ave
- Market: Allapattah
Alex Rodriguez has acquired the property from Nirmal Roy. Represented by Martijn Rentema and Francisco Giron from JACOG Advisors, Alex Rodriguez acted as the buyer in this transaction. On the other hand, Nirmal Roy was represented by Jonathan Eismann from Gridline Properties as the seller's representative.
Jonathan Eismann PA, who specializes in vacant warehouses in Miami's Urban Core, has successfully sold five Allapattah warehouses in the last 45 days. This particular warehouse was delivered vacant at closing to Alex Rodriguez, who is a Buyer-User.
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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
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93