Alan & Susan Leibowitz Purchase Industrial Property In Medley For $4.8M
6400 Northwest 84th Avenue
$4,800,000
$436/SF
Building Size
11,000 SF
Asset Type
Industrial
Closing
May 13, 2024
AI
The industrial property located at 6400 Northwest 84th Avenue in Medley was sold for $4,800,000. Spanning 11,000 square feet on 1.02 acres, the property was acquired at a price of $463 per square foot. The transaction took place on 05/13/2024, with Hector Catano of Cornerstone International Realty serving as the broker.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,800,000
- Address: 6400 Northwest 84th Avenue
- Market: Medley
- Buyer: Alan Leibowitz & Susan Leibowitz
- Seller: Moche Zuchaer
- Broker: Hector Catano - Cornerstone International Realty
- Square Footage: 11,000
- Price Per Square Foot: $463
- Acres: 1.02
The buyers of the industrial property were Alan Leibowitz and Susan Leibowitz. Moche Zuchaer acted as the seller in this transaction. Hector Catano of Cornerstone International Realty represented the parties involved in the deal.
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93