Updated Sep 9, 2024
Michel Escobar Acquires Industrial Property In Miami For $2.2M, Represented By The Hype Real Estate Group
3525 NW 50th St Miami, FL 33142, USA
$2,200,000
$218/SF
Building Size
10,051 SF
Asset Type
Industrial
Closing
Jun 2, 2023
About this deal
AI
The industrial property located at 3525 Northwest 50th Street in Miami has been sold. The transaction took place off-market and was handled by The Hype Real Estate Group. The property spans a total area of 10,051 square feet and was sold at a price of $2,200,000, resulting in a price per square foot of $219.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,200,000
- Address: 3525 Northwest 50th Street, Miami
- Market: Miami
Raul Pino, Pablo Vignolo, and Jade Hernandez of The Hype Real Estate Group represented both the buyer, Michel Escobar, and the seller, Wladimiro Romanovski, in this deal. As specialists in sourcing off-market deals throughout Florida, The Hype Real Estate Group takes pride in facilitating successful transactions. For more information on available deals, don't hesitate to reach out to them.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93