Rene & Jessica Hernandez Acquire Miami Warehouse For $4.1M
SOLD
Florida
See Similar DealsIndustrial21,340 SF
Sold 09/22/2022
SOLD
Rene & Jessica Hernandez Acquire Miami Warehouse For $4.1M
6450 Northwest 77th Court, Miami, Florida 33166, United States
See Similar DealsIndustrial21,340 SF
Sold 09/22/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$192
Total Square Footage:21,340 SF
Transaction Type:Sale
The warehouse located at 6450 NW 77th CT in Miami, FL has been sold in a recent transaction. The property spans across 21,340 square feet and was sold for a total price of $4,100,000, resulting in a price per square foot of $192.
Summary of transaction details:
- Property Type: Warehouse
- Sale Price: $4,100,000
- Square Footage: 21,340
- Price per Square Foot: $192
- Address: 6450 NW 77th CT, Miami, FL
The buyers of the property are Rene Hernandez and Jessica Hernandez, while the seller is Alex Shather.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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