Updated Sep 9, 2026
Nicolas Smith Acquires Industrial Property From Elizar Ravelo For $6,050,000 In Miami
7190 Northwest 52nd Street
$6,050,000
$356/SF
Building Size
16,981 SF
Asset Type
Industrial
Closing
Sep 2, 2026
About this deal
AI
The transaction involves the sale of an industrial property located at 7190 Northwest 52nd Street in Miami. The sale price was $6,050,000, and the property spans 16,981 square feet, translating to a price per square foot of $356.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,050,000
- Buyer: Nicolas Smith
- Seller: Elizar Ravelo
- Seller's Representative: Hector Catano - Cornerstone International Realty
The deal was characterized by strong demand, with insights from the seller's representative noting that sale prices for freestanding buildings under 30,000 square feet continue to climb across Miami-Dade County.
On the Map
$6,050,000
$356/SF
Industrial
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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
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93