Updated Nov 17, 2023
Nicolas L Palazzo Acquires Warehouse From Sean Mederos In Miami, FL For $2.15M
6971 Northwest 51st Street, Miami, Florida 33166, United States
$2,150,000
$358,333/SF
Building Size
6 SF
Asset Type
Industrial
Closing
Nov 15, 2022
About this deal
AI
A warehouse located at 6971 NW 51st St in Miami, FL has been sold in a recent transaction.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $2,150,000
- Square Footage: 6,944
- Price per Square Foot: $309
- Address: 6971 NW 51st St, Miami, FL
- Market: Miami, FL
The buyer of the warehouse is Nicolas L Palazzo, while the seller is Sean Mederos.
The industrial sale at 6971 Northwest 51st Street, Miami, Florida 33166, United States in Miami, Florida sold for $2.2M in 2022. The building is 6 square feet, implying about 358.3K per square foot on the published price. This page is the Miami, Florida file for the 6971 Northwest 51st Street, Miami, Florida 33166, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Miami sit in the Market section below. Filter that Miami industrial set by closing date to see what else sold near 6971 Northwest 51st Street, Miami, Florida 33166, United States around 2022. Published consideration for 6971 Northwest 51st Street, Miami, Florida 33166, United States is $2.2M, dated 2022. Cite this Nicolas L Palazzo Acquires Warehouse From Sean Mederos In Miami, FL For $2.15M sale when underwriting similar industrial product around Miami, Florida.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93