Elizabeth And Jarett Fein Acquire Miami Beach Warehouse From Barry P Brodsky For $15.3M
SOLD
$15,300,000
Florida
See Similar DealsIndustrial7,049 SF
Sold 01/10/2022
SOLD
Elizabeth And Jarett Fein Acquire Miami Beach Warehouse From Barry P Brodsky For $15.3M
554 Lakeview Court, Miami Beach, Florida 33140, United States
See Similar DealsIndustrial7,049 SF
Sold 01/10/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$2,170
Total Square Footage:7,049 SF
Transaction Type:Sale
The warehouse located at 554 Lakeview Dr in Miami Beach, FL has been sold in a transaction that closed on January 10, 2022. The property spans a total area of 7,049 square feet and was purchased for a price of $15,300,000, equating to a price per square foot of $2,170. The buyer of the warehouse is Elizabeth Fein and Jarett Fein, while the seller is Barry P Brodsky.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $15,300,000
- Address: 554 Lakeview Dr, Miami Beach, FL
- Market: Miami Beach, FL
- Buyer: Elizabeth Fein & Jarett Fein
- Seller: Barry P Brodsky
- Square Footage: 7,049
- Price Per Square Foot: $2,170
Elizabeth Fein and Jarett Fein are the buyers of the warehouse, while Barry P Brodsky serves as the seller. This transaction highlights the successful completion of a significant deal in the Miami Beach market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$816,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$54,357.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,529.81
Annual Debt Service$870,357.67
Is there something missing? Send suggestions