Updated Dec 21, 2023
Stephern Gorey & Steve Scoppetuolo Acquire Industrial Property In Miami, FL For $3.75M
4690 West Flagler Street, Coral Gables, Florida 33134, United States
$3,750,000
$1,258/SF
Building Size
2,979 SF
Asset Type
Industrial
Closing
Jan 11, 2022
About this deal
AI
The industrial property located at 4690 W Flagler St in Miami, FL has been sold in a closed transaction. The property spans 2,979 square feet and was sold for a total price of $3,750,000, resulting in a price per square foot of $1,258.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,750,000
- Address: 4690 W Flagler St, Miami, FL
- Market: Miami, FL
The buyer in this transaction is Stephen Gorey & Steve Scoppetuolo. They acquired the property from the seller, Ignacio Urbieta Jr.
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93