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2900 Northwest 39th Street

Alex Stahl Of Jios Acquires Industrial Property In Miami For $16.03M From Francisco Aguirre Family Trust
SOLDIndustrial

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

George Smith

Smith Commercial Property Group

Broker

$159.2M

vol

18 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

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93