Louis Toledo Purchases Industrial Property On 7020 Northwest 72nd Avenue For $8.55M
SOLD
$8,550,000
Florida
See Similar DealsIndustrial19,955 SF
Sold 12/16/2024
SOLD
Louis Toledo Purchases Industrial Property On 7020 Northwest 72nd Avenue For $8.55M
7020 Northwest 72nd Avenue
See Similar DealsIndustrial19,955 SF
Sold 12/16/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$428
Total Square Footage:19,955 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial space located at 7020 Northwest 72nd Avenue in Miami. The sale was concluded at a price of $8,550,000, with a total square footage of 19,955, which equates to a price per square foot of $428.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,550,000
- Address: 7020 Northwest 72nd Avenue
- Market: Miami
- Square Footage: 19,955
- Price per Square Foot: $428
- Buyer: Louis Toledo
- Seller: Daniel Shamy
- Buyer's Representative: Andros Sarduy - Synergy Realty Advisors
- Seller's Representative: Arthur Porosoff - Compass
Key individuals involved in the deal include Buyer Louis Toledo and Seller Daniel Shamy, each represented by their respective agents. Andros Sarduy of Synergy Realty Advisors acted on behalf of the buyer, while Arthur Porosoff from Compass represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$456,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,376.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,531.36
Annual Debt Service$486,376.34
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