Cyril Matz & Alex Tauber Sell Industrial Property In Miami For $3.3M With Buyer's Rep Ralph Arias & Seller's Rep Alfredo Riascos
390 NE 71st St Miami, FL 33138, USA
$3,300,000
$84/SF
Building Size
39,250 SF
Asset Type
Industrial
Closing
Jun 20, 2023
AI
A sale transaction has taken place in Miami in the industrial sector. The property involved is located at 390 NE 71 Street and covers an area of 39,250 square feet. The sale price for this transaction was $3,300,000, resulting in a price per square foot of $84.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,300,000
- Square Footage: 39,250
- Address: 390 NE 71 Street
- Market: Miami
The seller of the property was Cyril Matz and Alex Tauber. Representing the buyer in this transaction was Ralph Arias from Sotheby's International Realty. On the seller's side, the representative was Alfredo Riascos from Gridline Properties.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93