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401 Northwest 79th Street, ...

Jonathan Eismann Of Gridline Properties Facilitates $1.6M Industrial Property Sale In Little River, Miami
SOLDIndustrial

Jonathan Eismann Of Gridline Properties Facilitates $1.6M Industrial Property Sale In Little River, Miami

401 Northwest 79th Street, Miami, Florida 33150, United States

$1,600,000

$398/SF

Building Size

4,014 SF

Asset Type

Industrial

Closing

Apr 30, 2022

AI

Located in Little River, the industrial property at 401 NW 79th St has been sold for $1,600,000. The property spans 4,014 square feet, resulting in a price per square foot of $399. Additionally, the lot is measured at 10,500 square feet, resulting in a price per lot square foot of $152. The transaction took place on 05/01/2022.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $1,600,000
  • Square Feet: 4,014
  • Price per Square Foot: $399
  • Lot Square Feet: 10,500
  • Price per Lot Square Foot: $152

Jared Jukel acquired the property from seller Jorge Aleman. The deal was facilitated by Jonathan Eismann of Gridline Properties, who has a solid track record in the Little River and Allapattah markets. Notably, this transaction marks Eismann's fifth closed deal on 79th Street in the Shorecrest and Little River sub-markets. Specializing in industrial properties, Eismann focuses on finding properties that are either already vacant or can be delivered vacant to new users, solidifying his reputation as one of the top brokers in the city.

Players

Jonathan Eismann

Gridline Properties

Broker

$104.2M

vol

38 deals

Broker

Jared Jukel

Buyer

$12.6M

vol

7 deals

Buyer

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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93