Cyril Matz & Alex Tauber Sell Industrial Property In Miami For $3.3M With Buyer's Rep Ralph Arias & Seller's Rep Alfredo Riascos
SOLD
$3,300,000
Florida
See Similar DealsIndustrial39,250 SF
Sold 06/20/2023
SOLD
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
See Similar DealsIndustrial39,250 SF
Sold 06/20/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$84
Total Square Footage:39,250 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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