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Barberi International Acquires Industrial Property In Miami For $3.95M

Property Image
SOLD
$3,950,000
Frank Trelles
BC

Florida

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Industrial24,698 SF
Sold 10/23/2020
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Property Image
SOLD

Barberi International Acquires Industrial Property In Miami For $3.95M

3450 NW 113th Ct, Miami, FL 33178, USA

See Similar Deals
Industrial24,698 SF
Sold 10/23/2020
Frank Trelles
BC
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$159
Total Square Footage:24,698 SF
Transaction Type:Sale

The industrial property located at 3450 NW 113th Court in Miami has been sold in a recent transaction. The property spans 24,698 square feet and was sold for a price of $3,950,000. The sale price translates to a per square foot value of $159. The property was listed for sale with an asking price of $4,200,000.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,950,000
  • Address: 3450 NW 113th Court
  • Market: Miami
  • Square Footage: 24,698
  • Price per Square Foot: $159

The buyer of the industrial property is Barberi International. On the other hand, the seller of the property was Stimdel Properties. Representing the seller in this transaction were Frank Trelles and Brian Cabielles.

Players

Frank Trelles
Vivo Real Estate Group
Frank Trelles
38 deals$90.3M volume(786) 302-1223
BROKER
Frank Trelles
Vivo Real Estate Group
Frank Trelles
38 deals$90.3M volume(786) 302-1223
BROKER
BC
Brian Cabielles
9 deals$9.6M volume
BROKER
State Street Realty
State Street Realty
BROKERAGE

Details

SOLD
IMAGE: Frank Trelles @FrankieTrelles & Brian Cabielles @BrianCabielles DATE: 10/23/2020 ADDRESS: 3450 NW 113th Court MARKET: Miami ASSET TYPE: Industrial SALE PRICE: $3,950,000 ASKING PRICE: $4,200,000 SF: 24,698 / PPSF: $159 BUYER: Barberi International SELLER: Stimdel Properties SELLER’S REP: Frank Trelles & Brian Cabielles

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$210,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18