Lucas Donantueno & Ramiro Fernandez Sell Industrial Property In Little River For $1.5M
SOLD
$1,500,000
Florida
See Similar DealsIndustrial5,000 SF
Sold 06/24/2022
SOLD
Lucas Donantueno & Ramiro Fernandez Sell Industrial Property In Little River For $1.5M
540 Northwest 71st Street, Miami, Florida 33147, United States
See Similar DealsIndustrial5,000 SF
Sold 06/24/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$300
Total Square Footage:5,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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