Updated Oct 19, 2026
Weda Developers, Inc. Acquires Industrial Property From Local Marketing Inc. For $1.66M
301 Nw 71st St
$1,660,000
Building Size
—
Asset Type
Industrial
Closing
Nov 14, 2019
About this deal
AI
The property involved in this transaction is an industrial asset located at 301 Nw 71st St in the Miami market. The sale price was $1,660,000.00.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $1,660,000.00
- Address: 301 Nw 71st St
- Market: Miami
- Buyer: Weda Developers, Inc.
- Seller: Local Marketing Inc.
- Broker: Tony Arellano - DWNTWN Realty Advisors
Weda Developers, Inc. acquired the industrial property from Local Marketing Inc., with representation by Tony Arellano of DWNTWN Realty Advisors throughout the transaction. This deal reflects the ongoing activity in the industrial sector within the Miami market.
On the Map
$1,660,000
Industrial
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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
9.56%
Cash-on-Cash
-2.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93