Updated Dec 4, 2024
Howard Roark Acquires Industrial Property In Little River For $8.4M
5700 Northeast 4th Avenue
$8,400,000
$350/SF
Building Size
24,000 SF
Asset Type
Industrial
Closing
Oct 13, 2023
About this deal
AI
An industrial property located at 5700 Northeast 4th Avenue in the Little River market has been sold for $8,400,000. The property spans 24,000 square feet and was sold for a price per square foot of $350.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,400,000
- Address: 5700 Northeast 4th Avenue
- Market: Little River
- Square Footage: 24,000
- Price per Square Foot: $350
The buyer of the property is Howard Roark, while the seller is Olga Gonzalez. The deal was facilitated by Alfredo Riascos, a broker representing Gridline Properties.
On the Map
$8,400,000
$350/SF
Industrial
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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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93