facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

Northeast 17th Terrace, Mia...

Jeffrey L. Kluger & Gary A. Kluger Acquire Miami Warehouse For $2.75M
SOLDIndustrial

Jeffrey L. Kluger & Gary A. Kluger Acquire Miami Warehouse For $2.75M

Northeast 17th Terrace, Miami, Florida 33132, United States

$2,752,500

$550/SF

Building Size

5,000 SF

Asset Type

Industrial

Closing

Jan 19, 2022

AI

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.

Players

Gary A. Kluger

Buyer

$5.5M

vol

2 deals

Buyer

Steven Goodman

Seller

$27.5M

vol

3 deals

Seller

Miami Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.76%

Cash-on-Cash

-1.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93