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
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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93