Updated Oct 28, 2024
Aventura Pointe LLC Purchases Industrial Property In Miami For $10.75M
2655 NE 189th St. Miami, FL 33180, USA
$10,750,000
$307/SF
Building Size
35,000 SF
Asset Type
Industrial
Closing
Aug 24, 2022
About this deal
AI
An industrial property located at 2655 NE 189th Street and 2660 NE 189th Street in Miami has been sold for a price of $10,750,000. The property spans approximately 35,000 square feet, resulting in a price per square foot of $307.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,750,000
- Address: 2655 NE 189th Street & 2660 NE 189th Street
- Market: Miami
Aventura Pointe LLC has acquired the property from 189 St Inc. Roberto Susi from Axiom Advisors represented the buyer, while Adam H. Klein and Elon Gerberg from SVN | Commercial Partners represented the seller.
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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93