Updated Dec 30, 2024
Louis Toledo Purchases Industrial Property On 7020 Northwest 72nd Avenue For $8.55M
7020 Northwest 72nd Avenue
$8,550,000
$428/SF
Building Size
19,955 SF
Asset Type
Industrial
Closing
Dec 16, 2024
About this deal
AI
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.
On the Map
$8,550,000
$428/SF
Industrial
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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
1.86%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93