Updated Dec 19, 2023
Mike Zoi Acquires Industrial Property In Miami From Peter Neary For $4.5M
335 Northeast 59th Terrace, Miami, FL, USA
$4,500,000
$528/SF
Building Size
8,514 SF
Asset Type
Industrial
Closing
Oct 18, 2020
About this deal
AI
The industrial property located at 335 NE 59th Terrace in Miami has been sold. The transaction took place on October 19, 2020. The property spans across 8,514 square feet and was sold for a price of $4,500,000. This equates to a price per square foot of $528.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Address: 335 NE 59th Terrace
- Market: Miami
The buyer in this deal is Mike Zoi, while Peter Neary is the seller. Mike Zoi was represented by his broker, Mike Zoi's REP, and Peter Neary was represented by his broker, Peter Neary's REP.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93