John Safi Purchases Industrial Property From Ozan Baran In Miami For $5.9M
5680 Northwest 32nd Avenue
$5,900,000
$1,562/SF
Building Size
3,776 SF
Asset Type
Industrial
Closing
Feb 18, 2026
AI
The industrial asset located at 5680 Northwest 32nd Avenue in Miami has been sold for $5,900,000. The property encompasses a total of 3,776 square feet, translating to a price per square foot of $1,562. Additionally, the asset covers an area of 2.00 acres, amounting to a price per acre of $68.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,900,000
- Square Footage: 3,776 SF
- Price per Square Foot: $1,562
- Acres: 2.00
- Price per Acre: $68.00
- Buyer: John Safi
- Seller: Ozan Baran
- Brokers: Joel A. Kattan & Anthony Peragine - SVN
John Safi is the buyer involved in this transaction, acquiring the asset from seller Ozan Baran. The deal was facilitated by brokers Joel A. Kattan and Anthony Peragine from SVN, representing both parties in the transaction.
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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93