Updated Dec 21, 2023
Jose D Carrero & Gabriel Cadavid Acquire Other Industrial Property In Miami, FL For $4M
5950 Northwest 77th Court, Miami, Florida 33166, United States
$4,000,000
$765/SF
Building Size
5,227 SF
Asset Type
Industrial
Closing
Oct 17, 2022
About this deal
AI
The Other Industrial property located at 5950 NW 77th CT in Miami, FL has been sold for $4,000,000. The property spans an area of 5,227 square feet, resulting in a price per square foot of $765.
Summary of transaction details
- Property Type: Other Industrial
- Transaction Amount: $4,000,000
- Address: 5950 NW 77th CT, Miami, FL
- Market: Miami, FL
- Buyer: Jose D Carrero & Gabriel Cadavid
- Seller: Enrique Diaz-Benza Jr. & Enrique Diaz-Benza Sr
- Square Footage: 5,227
- Price per Square Foot: $765
The property was purchased by Jose D Carrero & Gabriel Cadavid from the sellers, Enrique Diaz-Benza Jr. & Enrique Diaz-Benza Sr.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93