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269 Northeast 69th Street

Georgia & Brian McDonough Acquire Industrial Property On Northeast 69th Street In Little River For $1.775M
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

Alfredo Riascos

Gridline Properties

Broker

$331.2M

vol

49 deals

Broker

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