James Fulford Acquires Industrial Property In Miami For $2M
SOLD
Florida
See Similar DealsIndustrial4,440 SF
Sold 06/29/2023
SOLD
James Fulford Acquires Industrial Property In Miami For $2M
2635 NW 36 St
See Similar DealsIndustrial4,440 SF
Sold 06/29/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$450
Total Square Footage:4,440 SF
Transaction Type:Sale
The industrial property located at 2635 NW 36 Street in Miami has been sold in a recent transaction. The property spans across 4,440 square feet and was sold for a total price of $2,000,000, resulting in a price per square foot of $450.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,000,000
- Address: 2635 NW 36 Street, Miami
- Market: Miami
James Fulford purchased the property from Lia Escobar. The transaction was facilitated by Carlos Fausto Miranda and Markos Bertolotti from Fausto Commercial Realty Consultants, who represented both the buyer and the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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