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

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SOLD
$16,025,000

Florida

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Industrial264,409 SF
Sold 11/22/2024
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Property Image
SOLD

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

2900 Northwest 39th Street

See Similar Deals
Industrial264,409 SF
Sold 11/22/2024
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$60
Total Square Footage:264,409 SF
Transaction Type:Sale

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
18 deals$159.2M volume(305) 359-6119
BROKER

Seth Woods
Mandich Real Estate Advisors
3 deals$60.8M volume
BROKER

Details

SOLD
IMAGE: George Smith & Seth Woods DATE: 11/22/2024 ADDRESS: 2900 Northwest 39th Street MARKET: Miami ASSET TYPE: Industrial BUYER: Alex Stahl, Jios SELLER: Francisco Aguirre Family Tr BROKERS: George Smith (@G_Smith_CRE) & Seth Woods (@Industrial_broker) - Smith Commercial Property Group (@Smith_cre) SALE PRICE: $16,025,000 SF: 264,409 ~ PPSF: $60 NOTE FROM BROKER: Proud to have facilitated this transaction representing our clients Jadian in acquiring such a great located iOS site right off of the 112 off ramp onto NW 27th Ave. Our Team at Smith Commercial Property Group specialize in seeking Industrial, IOS, Development and Investment opportunities. Contact us if you’d like to acquire, lease or dispose a commercial property in south Florida. George Smith: 305-359-6119, [email protected]; or Seth Woods: (805)-746-3387, [email protected]. Our team seeks opportunities 24/7/365, and specialize in Industrial, iOS, Land, Cold Storage, and Investment sales.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$854,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$56,933.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,966.68
Annual Debt Service$911,600.11