Alex Stahl Of Jios Acquires Industrial Property In Miami For $16.03M From Francisco Aguirre Family Trust
2900 Northwest 39th Street
$16,025,000
$60/SF
Building Size
264,409 SF
Asset Type
Industrial
Closing
Nov 22, 2024
AI
The property asset involved in the transaction is an industrial asset located at 2900 Northwest 39th Street in the Miami market. The transaction was completed for a sale price of $16,025,000 and encompasses a total square footage of 264,409. The price per square foot is calculated at $60.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,025,000
- Address: 2900 Northwest 39th Street
- Market: Miami
- Square Footage: 264,409
- Price per Square Foot: $60
- Buyer: Alex Stahl, Jios
- Seller: Francisco Aguirre Family Tr
- Brokers: George Smith & Seth Woods - Smith Commercial Property Group
The deal was facilitated by brokers George Smith and Seth Woods, who represent Smith Commercial Property Group. Their expertise lies in industrial, IOS, development, and investment opportunities in the South Florida area. They are available for inquiries related to the acquisition, leasing, or disposal of commercial properties, with direct contact information provided for both brokers.
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93