facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

7100 Northwest 2nd Avenue, ...

Benjamin Weprin - Adventurous Journeys (AJ) Capital Partners Acquires Little River Industrial Property For $17.3M
SOLDIndustrial

Benjamin Weprin - Adventurous Journeys (AJ) Capital Partners Acquires Little River Industrial Property For $17.3M

7100 Northwest 2nd Avenue, Miami, Florida 33127, United States

$17,300,000

$487/SF

Building Size

35,510 SF

Asset Type

Industrial

Closing

Feb 23, 2022

AI

The industrial property located at 7100 Northwest Second Avenue, 51 Northwest 71st Street, 255 Northwest 71st Street, 7122 Northwest Second Avenue, 7122 Northwest Second Court, 7155 Northwest Second Court, and 7133 Northwest 22nd Court in Little River has been sold. The transaction took place on February 24, 2022.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $17,300,000
  • Square Footage: 35,510
  • Price per Square Foot: $487

The buyer of the property is Benjamin Weprin, representing Adventurous Journeys (AJ) Capital Partners. The seller in this transaction is Avi Dishi. The deal was facilitated by Tony Arellano of DWNTWN Realty Advisors.

Players

Tony Arellano
Verified Badge

Tony Arellano

DWNTWN Realty Advisors

Broker

$1.6B

vol

152 deals

Broker

Benjamin Weprin

Adventurous Journeys (AJ) Capital Partners

Buyer

$338M

vol

5 deals

Buyer

Avi Dishi

Seller

$255.5M

vol

8 deals

Seller

Miami Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.92%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93