Lucas Donantueno & Ramiro Fernandez Sell Industrial Property In Little River For $1.5M
540 Northwest 71st Street, Miami, Florida 33147, United States
$1,500,000
$300/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
Jun 23, 2022
AI
An industrial property located at 540 NW 71st St in the Little River neighborhood of Miami has been sold. The property spans 5,000 square feet and is situated in an industrial market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,500,000
- Asking Price: $1,500,000
- SF: 5,000
- PPSF: $300
The sellers of the property were Lucas Donantueno and Ramiro Fernandez. The deal was facilitated by brokers Juan Andres Nava and Hector Antunez from Metro 1 Commercial.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93