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7101 Northwest 2nd Avenue

Jojo Ortega Purchases Industrial Property From Latrice Bruno For $1.6M With Alfredo Riascos & Mateo Romero As Buyer’s Reps
SOLDIndustrial

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:

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

Alfredo Riascos

Gridline Properties

Broker

$331.2M

vol

49 deals

Broker

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