Carlos Lehite Acquires Industrial Property In Miami For $1.2M
SOLD
$1,235,000
Florida
See Similar DealsIndustrial5,952 SF
Sold 12/10/2021
SOLD
Carlos Lehite Acquires Industrial Property In Miami For $1.2M
4680 Northwest 74th Avenue, Miami, FL 33166
See Similar DealsIndustrial5,952 SF
Sold 12/10/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$207
Total Square Footage:5,952 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,387.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,854.53
Annual Debt Service$70,254.36
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