Private LLC Acquires Industrial Property At 7290 Southwest 42nd Terrace In Miami For $3.8M
7290 Southwest 42nd Terrace
$3,800,000
$344/SF
Building Size
11,040 SF
Asset Type
Industrial
Closing
Feb 3, 2025
AI
An industrial property located at 7290 Southwest 42nd Terrace in Miami was sold for a total price of $3,800,000. The property spans 11,040 square feet, achieving a price per square foot of $344.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,800,000
- Sale Date: 02/03/2025
- Broker: Jeremy Hanson - Coldwell Banker Realty
- Market: Miami
This long-time family asset was sold to a private LLC, which has plans to occupy half of the industrial space while leasing out the remaining two bays.
Players
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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93