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4101 Northwest 77th Avenue

Howard Roark Acquires Industrial Asset In Miami From Jose Pineros For $9.1M
SOLDIndustrial

Howard Roark Acquires Industrial Asset In Miami From Jose Pineros For $9.1M

4101 Northwest 77th Avenue

$9,100,000

$272/SF

Building Size

33,396 SF

Asset Type

Industrial

Closing

Jul 17, 2025

AI

The industrial property located at 4101 Northwest 77th Avenue in Miami has been sold for $9,100,000. The asset boasts a total area of 33,396 square feet, resulting in a price per square foot of $272.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $9,100,000
  • Buyer: Howard Roark
  • Seller: Jose Pineros
  • Buyer's Representative: Alfredo Riascos - Gridline Properties
  • Seller's Representative: Ricardo Du Pond - Fortune International Realty

This transaction highlights the involvement of significant parties, with Alfredo Riascos representing the buyer, Howard Roark, while Ricardo Du Pond represented the seller, Jose Pineros, in the deal.

Players

Alfredo Riascos

Gridline Properties

Broker

$331.2M

vol

49 deals

Broker
Gridline Properties
Gridline PropertiesBrokerage

Howard Roark

Buyer

$44M

vol

10 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

1.74%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93