Updated Sep 9, 2024
The Hype Real Estate Group Facilitates $11.5M Industrial Sale In Miami
3400 Northwest 67th Street
$11,500,000
$158/SF
Building Size
72,477 SF
Asset Type
Industrial
Closing
May 4, 2023
About this deal
AI
Located at 3400 Northwest 67th Street in Miami, this industrial property recently closed in an off-market transaction. The deal was facilitated by Raul Pino, Pablo Vignolo, and Jade Hernandez from The Hype Real Estate Group. The property spans approximately 72,477 square feet, and the sale price amounted to $11,500,000. With a price per square foot of $159, this transaction stands out as a successful negotiation and closing within just 30 days.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,500,000
- Address: 3400 Northwest 67th Street
- Market: Miami
- Brokers: Raul Pino, Pablo Vignolo, and Jade Hernandez - The Hype Real Estate Group
- Square Footage: 72,477
- Price per Square Foot: $159
Notably, The Hype Real Estate Group represented both the buyer and the seller in this transaction. Despite other national brokers failing to close the deal after having it under contract, The Hype Real Estate Group successfully negotiated creative financing to bring a real buyer and complete the purchase. Their expertise in sourcing off-market deals throughout Florida, North Carolina, and Georgia positions them as trusted experts for anyone seeking similar opportunities.
Players
Market 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93