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271 Northeast 69th Street, ...

Updated Oct 28, 2024

Pubbelly Sushi Development & Luis Roja Acquire Industrial Property In Little River For $1.8M
SOLDIndustrial

Pubbelly Sushi Development & Luis Roja Acquire Industrial Property In Little River For $1.8M

271 Northeast 69th Street, Little River, Miami, FL, USA

$1,800,000

$147/SF

Building Size

12,173 SF

Asset Type

Industrial

Closing

May 2, 2021

About this deal

AI

The industrial property located at 269-271 NE 69th Street in Little River has been sold. The transaction took place on 05/03/2021. The property spans across 12,173 square feet and has a lot size of 16,250 square feet. The sale price for this transaction was $1,800,000, with a price per square foot of $143. The property was previously listed at an asking price of $2,125,000.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,800,000
  • Address: 269-271 NE 69th Street, Little River
  • Market: Little River
  • Buyer: Pubbelly Sushi Development & Luis Roja
  • Seller: Estate of Ivor Rose & Rita Starr
  • Buyer's Representative: Sam Heskiel @SammyBluEyes - Beachfront Realty @SouthBeachRealty
  • Seller's Representative: Alfredo Riascos - Gridline Properties @GridlineProperties

The buyer in this transaction was Pubbelly Sushi Development and Luis Roja. They were assisted by Sam Heskiel from Beachfront Realty. The seller, on the other hand, was the Estate of Ivor Rose and Rita Starr, with Alfredo Riascos representing them through Gridline Properties.

Players

Samuel Heskiel

Beachfront Realty

Broker

$355.3M

vol

31 deals

Broker

Miami Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $147 per square foot on a published $1.8M for 12,173 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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