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390 NE 71st St Miami, FL 33...

Cyril Matz & Alex Tauber Sell Industrial Property In Miami For $3.3M With Buyer's Rep Ralph Arias & Seller's Rep Alfredo Riascos
SOLDIndustrial

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

Cyril Matz

Douglas Elliman

Broker

$240.9M

vol

19 deals

Broker

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