Updated Dec 21, 2023
Solomon Sutton & Jose Sutton Acquire Miami Warehouse For $2.3M
6900 Northwest 35th Avenue, Miami, Florida 33142, United States
$2,300,000
$117/SF
Building Size
19,661 SF
Asset Type
Industrial
Closing
Mar 15, 2022
About this deal
AI
The warehouse located at 6900 NW 35th Ave in Miami, FL has been sold in a closed transaction. The property spans a total of 19,661 square feet and was sold for a price of $2,300,000, resulting in a price per square foot of $117.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $2,300,000
- Address: 6900 NW 35th Ave, Miami, FL
- Market: Miami, FL
- Buyer: Solomon Sutton & Jose Sutton
- Seller: Fred Lorquet & Dyna Lorquet
- Square Footage: 19,661
- Price per Square Foot: $117
The buyer of the warehouse property is represented by Solomon Sutton & Jose Sutton. On the other hand, the seller is Fred Lorquet & Dyna Lorquet. This closed transaction emphasized the successful transfer of the warehouse property from the seller to the buyer.
Players
Hialeah 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93