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
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.
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