Updated Oct 28, 2024
Moishe Mana Acquires Allapattah Industrial Property For $5M
2300 Northwest 7th Avenue, Allapattah, Miami, FL, USA
$5,000,000
$220/SF
Building Size
22,700 SF
Asset Type
Industrial
Closing
Oct 14, 2021
About this deal
AI
An industrial property located at 2300-2340 Northwest Seventh Avenue & 3100 Northwest Seventh Avenue in Allapattah has been sold for $5,000,000. The property spans across 1.5 acres and offers a total of 22,700 square feet of space. The sale price per square foot was $220.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $5,000,000
- Address: 2300-2340 Northwest Seventh Avenue & 3100 Northwest Seventh Avenue, Allapattah
- Market: Allapattah
- Acres: 1.5
The buyer of the property was Moishe Mana. The seller was 4 M Vision Investments. Moishe Mana was represented by Vince Lago from RESF, while Agustin Duarte from Re/Max 360 represented the seller.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93