SOLDIndustrial
Georgia & Brian McDonough Acquire Industrial Property On Northeast 69th Street In Little River For $1.775M
269 Northeast 69th Street
$1,775,000
$273/SF
Building Size
6,500 SF
Asset Type
Industrial
Closing
Feb 8, 2024
AI
A 6,500 square foot industrial property located at 269 Northeast 69th Street in Little River has been sold for $1,775,000. The property was purchased by Georgia & Brian McDonough.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,775,000
- Address: 269 Northeast 69th Street
- Market: Little River
- Buyer: Georgia & Brian McDonough
The sellers of the property were Daniel Pena & Luis Rojas. The transaction was facilitated by Alfredo Riascos & Mateo Romero from Gridline Properties.
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
8.94%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93