Updated Dec 20, 2023
Easar Badri & Deokinssoon Badri Sell Industrial Property In Little River For $3.1M
509 Northwest 72nd Street, Little River, Miami, FL, USA
$3,100,000
$171/SF
Building Size
18,125 SF
Asset Type
Industrial
Closing
Nov 30, 2021
About this deal
AI
An industrial property located at 509 NW 72nd Street in the Little River market has been sold for a price of $3,100,000. The property spans approximately 18,125 square feet, resulting in a price per square foot of $171. The sale took place on November 30, 2021. The sellers of the property were Easar Badri and Deokinssoon Badri.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,100,000
- Address: 509 NW 72nd Street
- Market: Little River
- Square Footage: 18,125
The deal was facilitated by Agustin Duarte from Magic City Investments RE/MAX, who represented the sellers in the transaction.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93