Carlos Lehite Acquires Industrial Property In Miami For $1.2M
4680 Northwest 74th Avenue, Miami, FL 33166
$1,235,000
$207/SF
Building Size
5,952 SF
Asset Type
Industrial
Closing
Dec 10, 2021
AI
An industrial property located at 4680 NW 74th Avenue in Miami has been sold for a total of $1,235,000. The property spans 5,952 square feet, resulting in a price per square foot of $207.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,235,000
- Address: 4680 NW 74th Avenue, Miami
- Market: Miami
The buyer in this transaction is Carlos Lehite, while the seller is Vicente Bolinches. Representing the buyer, Robert Burstein from ONE Commercial Real Estate facilitated the deal.
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
12.84%
Cash-on-Cash
-3.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93