Updated Dec 4, 2024
Yosbany Ballante Acquires Industrial Property In Miami Gardens For $2M
3406 Northwest 151st Terrace
$2,000,000
$293/SF
Building Size
6,812 SF
Asset Type
Industrial
Closing
Oct 27, 2023
About this deal
AI
An industrial property located at 3406 Northwest 151 Terrace in Miami Gardens has been sold for $2,000,000. The property spans 6,812 square feet, resulting in a price per square foot of $294. The transaction took place on October 27, 2023.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $2,000,000
- Address: 3406 Northwest 151 Terrace, Miami Gardens
- Square Footage: 6,812
The buyer in this transaction is Yosbany Ballante, while the seller is Rim Ramoul. Andres Perez-Cervera, from Compass FL LLC, represented the buyer, and Ariel Diaz and Claudia Splinter, from Trajan Commercial Real Estate Inc, represented the seller.
Players
Opa Locka 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93