Updated Dec 21, 2023
Laurent Groll Acquires Miami Warehouse From Marissa Sibley For $2.675M
5791 Northwest 37th Avenue, Miami, Florida 33142, United States
$2,675,000
$188/SF
Building Size
14,190 SF
Asset Type
Industrial
Closing
Feb 3, 2022
About this deal
AI
Located at 5791 NW 37th Ave in Miami, FL, this warehouse property was recently sold in a closed transaction. The property spans across 14,190 square feet and was sold for a price of $2,675,000, resulting in a price per square foot of $189.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $2,675,000
- Address: 5791 NW 37th Ave, Miami, FL
- Market: Miami, FL
- Buyer: Laurent Groll
- Seller: Marissa Sibley
Laurent Groll represented the buyer in this transaction, while Marissa Sibley acted as the seller. This successful sale showcases the demand for warehouse properties in the Miami market.
On the Map
$2,675,000
$188/SF
Industrial
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Hialeah 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
5.93%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93