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3400 Northwest 67th Street

Updated Sep 9, 2024

The Hype Real Estate Group Facilitates $11.5M Industrial Sale In Miami
SOLDIndustrial

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

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

Raul Pino

The Hype Real Estate Group

Broker

$350.5M

vol

51 deals

Broker

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $158 per square foot on a published $11.5M for 72,477 square feet (2023).

Visit Pablo Vignolo to view all their deals.

Browse Florida industrial sales on Traded.

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

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