Daniel Alonso Acquires Industrial Property In Little River, Miami For $2.3M
54 Northeast 73rd Street
$2,300,000
$354/SF
Building Size
6,490 SF
Asset Type
Industrial
Closing
Nov 21, 2023
AI
The industrial property located at 54 NE 73rd Street in Miami, FL 33138 has been sold in a closed transaction. The property is situated in the Little River market and spans a total area of 6,490 square feet. It was sold at a sale price of $2,300,000, resulting in a price per square foot of $354. The property was originally listed for $2,250,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,300,000
- Market: Little River
- Address: 54 NE 73rd Street, Miami, FL 33138
- Square Footage: 6,490
The buyer of the property is Daniel Alonso, while Mireya Reid is the seller. Alex Tsoulfas and Joshua Jimenez from STL Advisors represented the seller 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93