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54 Northeast 73rd Street

Daniel Alonso Acquires Industrial Property In Little River, Miami For $2.3M
SOLDIndustrial

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

Alexandros Tsoulfas

STL Commercial

Broker

$146.4M

vol

30 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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93