Jordan Kavana Acquires Industrial Property In Magic City, Little Haiti For $4.9M
244 Northeast 62nd St, Miami, FL 33138
$4,900,000
$524/SF
Building Size
9,337 SF
Asset Type
Industrial
Closing
Aug 29, 2023
AI
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
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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93