Jerry Cody Sells Industrial Asset At 6800 Northeast 4th Court Miami For $6.29M
6800 NE 4 Ct
$6,290,000
$299/SF
Building Size
21,000 SF
Asset Type
Industrial
Closing
Dec 16, 2024
AI
The property asset involved in the transaction is an industrial asset located at 6800 Northeast 4th Court in Miami. The sale closed at a price of $6,290,000 for a total square footage of 21,000, which results in a price per square foot of $299.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,290,000
- Address: 6800 Northeast 4th Court
- Market: Miami
- Square Footage: 21,000
- Price Per Square Foot: $299
- Seller: Jerry Cody
- Brokers: Juan Andres Nava & Bernardita Banfi - Metro 1 Commercial
The key individuals involved in this transaction include the seller, Jerry Cody, and brokers Juan Andres Nava and Bernardita Banfi, who represented the deal through Metro 1 Commercial. Their representation played a crucial role in the completion of this sale.
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93