Maral Kargarmoakhar Acquires Industrial Property In Miami For $4.6M
7250 Northwest 41st Street
$4,600,000
$239/SF
Building Size
19,178 SF
Asset Type
Industrial
Closing
May 8, 2024
AI
The industrial property located at 7250 Northwest 41st Street in Miami was sold for $4,600,000. This multi-bay warehouse facility spans 19,178 square feet and was acquired by Maral Kargarmoakhar from seller Patricio Filippi. The sale price per square foot stood at $240, with the asset featuring street-level doors and three units, situated in the sought-after Airport West market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,600,000
- SF: 19,178
- Price Per Square Foot: $240
- Address: 7250 Northwest 41st Street
- Market: Miami
- Buyer: Maral Kargarmoakhar
- Seller: Patricio Filippi
- Seller's Rep: F. Antonio Puente - Fairchild Partners
The buyer, Maral Kargarmoakhar, a private investor, intends to add value to the property and reposition it to attract tenants at higher market rents. Additionally, one unit within the warehouse facility is available for lease through Fairchild Partners, as highlighted in the note provided by seller's representative, F. Antonio Puente.
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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93