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5680 Northwest 32nd Avenue

John Safi Purchases Industrial Property From Ozan Baran In Miami For $5.9M
SOLDIndustrial

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

Joel A. Kattan

SVN

Broker

$171.8M

vol

15 deals

Broker

John Safi

Buyer

$82.3M

vol

6 deals

Buyer

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