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7200 Northwest 1st Avenue

AJCP & MVW Partners Acquire 16,670 SF Industrial Building In Miami's Little River
SOLDIndustrial

AJCP & MVW Partners Acquire 16,670 SF Industrial Building In Miami's Little River

7200 Northwest 1st Avenue

$4,250,000

$254/SF

Building Size

16,670 SF

Asset Type

Industrial

Closing

Sep 11, 2023

AI

AJCP & MVW Partners have acquired a 16,670 square foot industrial facility located at 7200 NW 1 Avenue in Miami. The property was sold by ABC Bakeries Supplies & Equipment for a final sale price of $4,250,000. The facility is situated in the Little River neighborhood, a growing hub for local businesses and talent in Miami.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,250,000
  • Address: 7200 NW 1 Avenue
  • Market: Miami

Janet Crucet and Kristine Flook of Urbanize Properties served as the brokers representing both the buyer, AJCP & MVW Partners, and the seller, ABC Bakeries Supplies & Equipment. Urbanize Properties has been instrumental in facilitating property transactions for AJCP & MVW Partners in the Little River area for the past decade. This acquisition marks another step in the expansion of AJCP & MVW Partners in the neighborhood, demonstrating their commitment to supporting its growth and development. The partnership continues to collaborate with commercial real estate investors, seeking out industrial buildings in South Florida and the surrounding areas.

Players

Janet Crucet

Urbanize Properties

Broker

$97.2M

vol

15 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

3.73%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93