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
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