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6400 Northwest 84th Avenue

Alan & Susan Leibowitz Purchase Industrial Property In Medley For $4.8M
SOLDIndustrial

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.

Players

Hector Catano

Cornerstone International Realty

Broker

$66.3M

vol

14 deals

Broker

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