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2201 NW 24th Ave Miami, FL ...

Alex Rodriguez Acquires Allapattah Industrial Property For $3.85M With Representation From Martijn Rentema & Francisco Giron - JACOG Advisors
SOLDIndustrial

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.

Players

Francisco Giron

Vivo Real Estate Group

Broker

$50.5M

vol

6 deals

Broker
Alex Rodriguez

Alex Rodriguez

Buyer

$261M

vol

11 deals

Buyer

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