Imeca Lumber And Hardware Acquires Industrial Property In Miami For $1.7M
499 Northwest 79th Street, Miami, FL, USA
$1,700,000
$224/SF
Building Size
7,564 SF
Asset Type
Industrial
Closing
Aug 1, 2021
AI
An industrial property located at 499 NW 79th Street in Miami, FL was recently sold for $1,700,000. The property spans 7,564 square feet, resulting in a price per square foot of $225. The sale took place on August 2, 2021, and the transaction involved Imeca Lumber and Hardware as the buyer and SIKTIR Corporation, represented by Javier E. Guezkikaraian, as the seller. Hector Catano of an undisclosed agency served as the broker in this transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,700,000
- Address: 499 NW 79th Street, Miami, FL
- Buyer: Imeca Lumber and Hardware
- Seller: SIKTIR Corporation - Javier E. Guezkikaraian
- Broker: Hector Catano
- Square Footage: 7,564
- Price per Square Foot: $225
The sale of this industrial property highlights the successful transaction between Imeca Lumber and Hardware as the buyer and SIKTIR Corporation, represented by Javier E. Guezkikaraian, as the seller. Hector Catano, a broker from an undisclosed agency, facilitated the deal. The property's location at 499 NW 79th Street in Miami, FL adds to its appeal in the market. With a total area of 7,564 square feet, the property offers ample space for industrial purposes. The sale price of $1,700,000 and the price per square foot of $225 further emphasize the value of this transaction.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93