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
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