Link Real Estate NYC Acquires Industrial Property In Little River, Miami For $14.9M
7101 North Miami Avenue, Miami, Florida 33150, United States
$14,925,000
$307/SF
Building Size
48,610 SF
Asset Type
Industrial
Closing
Feb 28, 2022
AI
The industrial property located at 7101-7111 N Miami Avenue in Little River, Miami, has been sold in a recent transaction. The sale was facilitated by Juan Andres Nava from Metro 1, acting as the broker. The buyer of the property is Link Real Estate NYC, represented by Dan Arev. The seller, 7101 N Miami Ave, was represented by John Matthews and Alan Matthews. The transaction also involved Brandon Perdeck, who served as the mortgage broker.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $14,925,000
- Square Footage: 48,610
- Price per Square Foot: $307
This deal highlights the involvement of key individuals and companies in the transaction. Juan Andres Nava of Metro 1 played a crucial role as the broker, facilitating the sale of the industrial property. Meanwhile, Dan Arev represented Link Real Estate NYC as the buyer, while John Matthews and Alan Matthews represented the seller, 7101 N Miami Ave. Additionally, Brandon Perdeck served as the mortgage broker for the transaction.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93