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2900 NW 7th Ave, Allapattah...

Babba Joshua Yesharim Acquires Industrial Property In Allapattah For $1.7M
SOLDIndustrial

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

Jonathan Eismann

Gridline Properties

Broker

$104.2M

vol

38 deals

Broker
Babba Joshua Yesharim

Babba Joshua Yesharim

Buyer

$107.5M

vol

28 deals

Buyer

Doug Levine

Seller

$102.1M

vol

11 deals

Seller

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