Updated Oct 29, 2024
Colgate Darden Sells Industrial Property In Miami For $4M With Brokers Alfredo Riascos & Mateo Romero
6400 NE 4th Ct Miami, FL 33138, USA
$4,000,000
$361/SF
Building Size
11,064 SF
Asset Type
Industrial
Closing
May 24, 2023
About this deal
AI
An industrial property located at 6400 Northeast 4th Court in Miami has been sold for $4,000,000. The property is comprised of 11,064 square feet, resulting in a price per square foot of $362. The sale of this property was facilitated by brokers Alfredo Riascos and Mateo Romero of Gridline Properties.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $4,000,000
Alfredo Riascos and Mateo Romero of Gridline Properties played a key role in the transaction as the seller's representatives. Their expertise and negotiation skills contributed to the successful sale of the industrial property.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93