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499 Northwest 79th Street, ...

Imeca Lumber And Hardware Acquires Industrial Property In Miami For $1.7M
SOLDIndustrial

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.

Players

Hector Catano

Cornerstone International Realty

Broker

$66.3M

vol

14 deals

Broker

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