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
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