Rene Portieles Acquires Industrial Property In Little River For $2.5M
271 Northeast 69th Street
$2,500,000
$407/SF
Building Size
6,130 SF
Asset Type
Industrial
Closing
Apr 5, 2024
AI
Located at 271 Northeast 69th Street in Little River, the industrial property was sold for $2,500,000. Spanning 6,130 square feet, the transaction resulted in a price per square foot of $408.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Market: Little River
- Buyer: Rene Portieles
- Seller: Daniel Pena & Luis Eduardo Rojas
- Buyer's Rep: Lauren Thomas - Touchstone Webb Realty Company
- Seller's Rep: Mateo Romero - Gridline Properties
The deal was facilitated by Lauren Thomas from Touchstone Webb Realty Company, representing the buyer, Rene Portieles, while Mateo Romero from Gridline Properties represented the sellers, Daniel Pena & Luis Eduardo Rojas.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93