Laurent Groll Acquires Miami Warehouse From Marissa Sibley For $2.675M
SOLD
$2,675,000
Florida
See Similar DealsIndustrial14,190 SF
Sold 02/04/2022
SOLD
Laurent Groll Acquires Miami Warehouse From Marissa Sibley For $2.675M
5791 Northwest 37th Avenue, Miami, Florida 33142, United States
See Similar DealsIndustrial14,190 SF
Sold 02/04/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$188
Total Square Footage:14,190 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$142,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,503.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,680.86
Annual Debt Service$152,170.38
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