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3500 Northwest 59th Street

Alfonso Lozada Acquires Industrial Asset In Miami For $8.35M With Brokers Ernie Perez & Yonatan Missika
SOLDIndustrial

Alfonso Lozada Acquires Industrial Asset In Miami For $8.35M With Brokers Ernie Perez & Yonatan Missika

3500 Northwest 59th Street

$8,350,000

$208/SF

Building Size

40,000 SF

Asset Type

Industrial

Closing

Dec 9, 2025

AI

The property asset sold is an industrial asset located at 3500 Northwest 59th Street in the Miami market. The sale was finalized for a price of $8,350,000, encompassing a total square footage of 40,000, which equates to a price per square foot of $208.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $8,350,000
  • Address: 3500 Northwest 59th Street
  • Market: Miami
  • Square Footage: 40,000
  • Price per Square Foot: $208
  • Buyer: Alfonso Lozada
  • Broker Representatives: Ernie Perez & Yonatan Missika - Gridline Properties

This transaction involved Alfonso Lozada as the buyer, with Ernie Perez and Yonatan Missika serving as the broker representatives from Gridline Properties, facilitating the closing of the deal.

Players

Yonatan Missika

Gridline Properties

Broker

$122.8M

vol

10 deals

Broker
Gridline Properties
Gridline PropertiesBrokerage

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

1.90%

Cash-on-Cash

-0.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93