Jojo Ortega Purchases Industrial Property From Latrice Bruno For $1.6M With Alfredo Riascos & Mateo Romero As Buyer’s Reps
7101 Northwest 2nd Avenue
$1,600,000
$276/SF
Building Size
5,785 SF
Asset Type
Industrial
Closing
Jun 7, 2026
AI
The property asset involved in this transaction is an industrial space located at 7101 Northwest 2nd Avenue in Miami. The sale price for the asset was $1,600,000, encompassing a total square footage of 5,785, resulting in a price per square foot of $276.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,600,000
- Square Footage: 5,785
- Price per Square Foot: $276
- Buyer: Jojo Ortega
- Seller: Latrice Bruno
- Buyer's Representative: Alfredo Riascos & Mateo Romero - Gridline Properties
- Seller's Representative: Martin Bravo & Alexander Reyes - APEX Capital Realty
This transaction involved several key individuals representing the buyer and seller. Jojo Ortega was the buyer, while Latrice Bruno was the seller. The buyer was represented by Alfredo Riascos and Mateo Romero from Gridline Properties, and the seller was represented by Martin Bravo and Alexander Reyes from APEX Capital Realty.
Players
Market 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93