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2545 Northwest 75th Street

Dante Pezzatini Acquires Industrial Property In Miami For $1.5M
SOLDIndustrial

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

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.

Players

Adam H. Klein

Vision Real Estate Advisors

Broker

$129.8M

vol

38 deals

Broker

Dante Pezzatini

Buyer

$8.5M

vol

3 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

10.45%

Cash-on-Cash

-2.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93