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3130 West 15th Avenue

Yosha Gidani Acquires Industrial Property On West 15th Avenue In Miami For $10M
SOLDIndustrial

Yosha Gidani Acquires Industrial Property On West 15th Avenue In Miami For $10M

3130 West 15th Avenue

$10,000,000

$89/SF

Building Size

112,266 SF

Asset Type

Industrial

Closing

Jan 6, 2023

AI

A 37,422 square foot industrial warehouse located at 3130 West 15th Avenue in Miami, FL has been sold for $10,000,000. The property was acquired by Yosha Gidani from the seller, Jimmy Ng. The sale price equates to a price per square foot of $267.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $10,000,000
  • SF: 37,422
  • PPSF: $267
  • Market: Miami, FL

Shanna Naim, representing NDA Realty, served as the broker for the transaction. Naim assisted the buyer, Yosha Gidani, who is based in Los Angeles, in relocating a portion of their business from Los Angeles to Miami. The 37,422 square foot warehouse sits on a 1.75 acre lot. The South FL market continues to attract businesses from California and New York, offering various advantages for investors and owner-users. For more information or assistance with industrial needs in Florida, please contact Shanna Naim at [email protected].

Players

Shanna Naim

Skyview Real Estate Partners

Broker

$43.9M

vol

33 deals

Broker
ENS Realty
ENS RealtyBrokerage

Jimmy Ng

Seller

$17.6M

vol

2 deals

Seller

Hialeah 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

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93