Justin Freedman & Alex Kouwenhoven Buy Industrial Asset In Miami For $9.975M With Hype Real Estate Group
3500 Northwest 54th Street
$9,975,000
$159/SF
Building Size
62,480 SF
Asset Type
Industrial
Closing
Dec 3, 2025
AI
The property asset involved in this transaction is an industrial facility located at 3500 Northwest 54th Street in the Miami, FL market. The sale took place for a price of $9,975,000, encompassing a total square footage of 62,480, which translates to a price per square foot of $159.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,975,000
- Address: 3500 Northwest 54th Street
- Market: Miami, FL
- Square Footage: 62,480
- Price Per Square Foot: $159
- Buyer: Justin Freedman & Alex Kouwenhoven - Woodhill Real Estate
- Seller: Mark Caplan
- Buyer's Representative: Pablo Vignolo & Raul Pino - The Hype Real Estate Group
- Seller's Representative: Junior Ferrer - The Hype Real Estate Group
This transaction was facilitated with the involvement of key representatives from The Hype Real Estate Group, who played a significant role in assisting both the seller and the buyer through a smooth closing process. The team's efforts extend beyond this deal, as they are actively sourcing industrial and retail opportunities throughout various states, including Florida, Georgia, North Carolina, Virginia, and in the northeastern regions. The Hype Real Estate Group maintains physical offices in Miami and New York, looking to connect with more buyers interested in similar opportunities.
Players
Miami 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93