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554 Lakeview Court, Miami B...

Elizabeth And Jarett Fein Acquire Miami Beach Warehouse From Barry P Brodsky For $15.3M
SOLDIndustrial

Elizabeth And Jarett Fein Acquire Miami Beach Warehouse From Barry P Brodsky For $15.3M

554 Lakeview Court, Miami Beach, Florida 33140, United States

$15,300,000

$2,170/SF

Building Size

7,049 SF

Asset Type

Industrial

Closing

Jan 9, 2022

AI

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

KS
Kensington Vanguard National Land ServicesBuyer

Barry P Brodsky

Brodson Construction

Seller

$81.1M

vol

5 deals

Seller

Miami Beach 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

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93