Jeffrey L. Kluger & Gary A. Kluger Acquire Miami Warehouse For $2.75M
SOLD
Florida
See Similar DealsIndustrial5,000 SF
Sold 01/20/2022
SOLD
Jeffrey L. Kluger & Gary A. Kluger Acquire Miami Warehouse For $2.75M
Northeast 17th Terrace, Miami, Florida 33132, United States
See Similar DealsIndustrial5,000 SF
Sold 01/20/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$550
Total Square Footage:5,000 SF
Transaction Type:Sale
A warehouse located at 41 NE 17th Ter in Miami, FL was recently sold in a transaction that took place on January 20, 2022. The property spans approximately 5,000 square feet and was sold for a total price of $2,752,500, equating to a price per square foot of $550.
Summary of Transaction Details
- Property Type: Warehouse
- Transaction Amount: $2,752,500
- Address: 41 NE 17th Ter, Miami, FL
- Market: Miami, FL
- Buyer: Jeffrey L. Kluger & Gary A. Kluger
- Seller: Steven Goodman & Joyce Goodman
- Square Footage: 5,000
- Price per Square Foot: $550
The buyers of the warehouse were Jeffrey L. Kluger and Gary A. Kluger, while the sellers were Steven Goodman and Joyce Goodman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,779.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,048.25
Annual Debt Service$156,579.05
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