Joseph H. Weston Of Maddux & Company Brokers $15.18M Sale Of Industrial Portfolio In Miami
4601 Southwest 71st Avenue, 7038 Southwest 46th Street, 7020 Southwest 46th Street & 7428 Southwest 42nd Street
$15,180,000
$328/SF
Building Size
46,212 SF
Asset Type
Industrial
Closing
Mar 24, 2026
AI
The transaction involves an industrial asset consisting of a portfolio of four small bay warehouses located at 4601 Southwest 71st Avenue, 7038 Southwest 46th Street, 7020 Southwest 46th Street, and 7428 Southwest 42nd Street in Miami. The sale price for the properties was $15,180,000, and they encompass a total of 46,212 square feet, translating to $328 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,180,000
- Square Footage: 46,212
- Price per Square Foot: $328
- Buyer's Representative: Joseph H. Weston - Maddux & Company
Joseph H. Weston of Maddux & Company represented the buyer in this sale, which marks the largest portfolio sale in the Bird Road Arts District in over 10 years, emphasizing the significance of this transaction within the market.
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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93