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Private LLC Acquires Industrial Property At 7290 Southwest 42nd Terrace In Miami For $3.8M

Property Image
SOLD
$3,800,000

Florida

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Industrial11,040 SF
Sold 02/03/2025
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Property Image
SOLD

Private LLC Acquires Industrial Property At 7290 Southwest 42nd Terrace In Miami For $3.8M

7290 Southwest 42nd Terrace

See Similar Deals
Industrial11,040 SF
Sold 02/03/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$344
Total Square Footage:11,040 SF
Transaction Type:Sale

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:

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

Jeremy Hanson
Coldwell Banker
Jeremy Hanson
1 deal$3.8M volume(786) 910-0836
BROKER

Details

SOLD
IMAGE: Jeremy Hanson DATE: 02/03/2025 ADDRESS: 7290 Southwest 42nd Terrace MARKET: Miami ASSET TYPE: Industrial BROKER: Jeremy Hanson (@JeremyHanson_realestate) - Coldwell Banker Realty (@ColdwellBanker) SALE PRICE: $3,800,000 SF: 11,040 ~ PPSF: $344 NOTE FROM BROKER: This long-time family asset was sold to a private LLC who will take full advantage of this industrial property by occupying half and leasing the remaining two bays.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
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