Alex Rodriguez Acquires Allapattah Industrial Property For $3.85M With Representation From Martijn Rentema & Francisco Giron - JACOG Advisors
SOLD
$3,850,000
+ 1
Florida
See Similar DealsIndustrial12,825 SF
Sold 06/09/2023
SOLD
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
See Similar DealsIndustrial12,825 SF
Sold 06/09/2023
+ 1
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$300
Total Square Footage:12,825 SF
Transaction Type:Sale
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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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$205,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,678.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,250.96
Annual Debt Service$219,011.57
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