Colgate Darden Sells Industrial Property In Miami For $4M With Brokers Alfredo Riascos & Mateo Romero
SOLD
$4,000,000
Florida
See Similar DealsIndustrial11,064 SF
Sold 05/24/2023
SOLD
Colgate Darden Sells Industrial Property In Miami For $4M With Brokers Alfredo Riascos & Mateo Romero
6400 NE 4th Ct Miami, FL 33138, USA
See Similar DealsIndustrial11,064 SF
Sold 05/24/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$361
Total Square Footage:11,064 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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