Updated Sep 9, 2024
Dante Pezzatini Acquires Industrial Property In Miami For $1.5M
2545 Northwest 75th Street
$1,518,000
$168/SF
Building Size
9,000 SF
Asset Type
Industrial
Closing
Jan 18, 2023
About this deal
AI
The industrial property located at 2545 Northwest 75th Street in Miami has been successfully sold. The transaction took place on January 18, 2023. The property spans 9,000 square feet and was sold for a price of $1,518,000, resulting in a price per square foot of $169.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,518,000
- Address: 2545 Northwest 75th Street
- Market: Miami
The buyer of the property is Dante Pezzatini, while the seller is William Elia. The deal was facilitated by brokers Adam H. Klein and Elon Gerberg of SVN.
On the Map
$1,518,000
$168/SF
Industrial
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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
10.45%
Cash-on-Cash
-2.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93