Babba Joshua Yesharim Acquires Industrial Property In Allapattah For $1.7M
2900 NW 7th Ave, Allapattah, Miami, FL, USA
$1,700,000
$340/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
Sep 9, 2021
AI
The industrial property located at 2900 NW 7 Ave in Allapattah has been sold in a transaction on 09/09/2021. The property spans 5,000 square feet and sits on a 10,000 square foot lot. The sale price for this transaction was $1,700,000, resulting in a price per square foot of $340.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,700,000
- Date: 09/09/2021
- Address: 2900 NW 7 Ave
- Market: Allapattah
The buyer of the property was Babba Joshua Yesharim, who was represented by their broker, Babba Joshua Yesharim. The seller, on the other hand, was Doug Levine and James Quinalan. Jonathan Eismann, from Gridline Properties, served as the seller's representative in the deal.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93