Gonzalo Segnini Sells Commercial Property In Miami For $2M With Mateo Romero And Urbanize Properties
454 Northeast 58th Street
$2,000,000
$149/SF
Building Size
13,347 SF
Asset Type
Industrial
Closing
Oct 5, 2025
AI
The property involved in the transaction is a commercial asset located at 454 Northeast 58th Street in Miami. It was sold for a price of $2,000,000, encompassing a total area of 13,347 square feet, which results in a price per square foot of $149.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $2,000,000
- Sale Date: 10/06/2025
- Seller: Gonzalo Segnini
- Buyer’s Representative: Kristine Flook & Janet Crucet - Urbanize Properties
- Seller’s Representative: Mateo Romero - Gridline Properties
Collaboration between Urbanize Properties and Gridline Properties was pivotal in achieving the successful closing of this commercial land transaction. The teamwork displayed throughout the deal indicates a robust partnership and ongoing confidence in the commercial market of South Florida.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93