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7250 Northwest 41st Street

Maral Kargarmoakhar Acquires Industrial Property In Miami For $4.6M
SOLDIndustrial

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.

Players

F. Antonio Puente

Fairchild Partners

Broker

$10.9M

vol

3 deals

Broker

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