Jordan Kavana Acquires Industrial Property In Magic City, Little Haiti For $4.9M
SOLD
$4,900,000
Florida
See Similar DealsIndustrial9,337 SF
Sold 08/29/2023
SOLD
Jordan Kavana Acquires Industrial Property In Magic City, Little Haiti For $4.9M
244 Northeast 62nd St, Miami, FL 33138
See Similar DealsIndustrial9,337 SF
Sold 08/29/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$524
Total Square Footage:9,337 SF
Transaction Type:Sale
An industrial property located at 244 Northeast 62nd Street in the Magic City neighborhood of Little Haiti has been sold for a total price of $4,900,000. Spanning across 9,337 square feet, the property was acquired by Jordan Kavana.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $4,900,000
- Square Footage: 9,337
- Address: 244 Northeast 62nd Street, Magic City, Little Haiti
- Market: Magic City, Little Haiti
Liana Rivera represented the buyer, Jordan Kavana, while Irene Dakota, from Gridline Properties, acted as the seller's representative for Tyrrell Properties - Gabriele Pedone and Delfim Srl.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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