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3904 Northwest 32nd Avenue

Updated Nov 3, 2026

Anselmo Virgillio Acquires 10,600 SF Industrial Property In Miami For $2,250,000
SOLDIndustrial

Anselmo Virgillio Acquires 10,600 SF Industrial Property In Miami For $2,250,000

3904 Northwest 32nd Avenue

$2,250,000

$212/SF

Building Size

10,600 SF

Asset Type

Industrial

Closing

Oct 30, 2026

About this deal

AI

The property involved in this transaction is an industrial asset located at 3904 Northwest 32nd Avenue, Miami. The sale was completed for a price of $2,250,000, with a total square footage of 10,600, resulting in a price per square foot of $212.

Summary of transaction details:

The sellers, Hersh Equity Group, previously acquired the property as part of a larger warehouse portfolio and have now sold it to an owner-user. They express gratitude towards their representatives at APEX Capital Realty for facilitating the transaction smoothly. Hersh Equity Group remains active in the small-bay industrial market across Florida, seeking additional value-add opportunities above 30,000 square feet.

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$2,250,000

$212/SF

Industrial

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Players

Jason Abitbol

APEX Capital Realty

Broker

$196.9M

vol

30 deals

Broker

Anselmo Virgillio

Buyer

$2.3M

vol

1 deal

Buyer
Juda Hersh

Juda Hersh

Hersh Equity

Seller

$152M

vol

18 deals

Seller
Bilt advertisement

Miami Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $212 per square foot on a published $2.3M for 10,600 square feet (2026).

Visit Juda Hersh to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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