Manuel Chamizo Purchases Industrial Property In Miami For $1.3 Million With Agustin Duarte As The Broker
SOLD
$1,400,000
Florida
See Similar DealsIndustrial1,925 SF
Sold
SOLD
Manuel Chamizo Purchases Industrial Property In Miami For $1.3 Million With Agustin Duarte As The Broker
7227 Southwest 40th Street
See Similar DealsIndustrial1,925 SF
Sold
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$727
Total Square Footage:1925 SF
Transaction Type:Sale
The industrial property located at 7227 Southwest 40th Street in Miami was sold for $1,300,000. This asset comprises a total area of 1,925 square feet, equating to a price per square foot of $675.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,300,000
- Address: 7227 Southwest 40th Street
- Market: Miami
- Square Footage: 1,925
- Price Per Square Foot: $675
- Buyer: Manuel Chamizo
- Broker: Agustin Duarte - REMAX 360 Real Estate
The deal involved Manuel Chamizo as the buyer of the industrial asset, with representation provided by Agustin Duarte from REMAX 360 Real Estate, emphasizing the role of the broker in facilitating the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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