Updated Oct 29, 2024
Mauro Libi Acquires Industrial Property In Miami For $7.8M
7300 Northwest 35th Terrace, Miami, FL, USA
$7,800,000
$163/SF
Building Size
47,668 SF
Asset Type
Industrial
Closing
Mar 17, 2021
About this deal
AI
An industrial property located at 7300 Northwest 35th Terrace in Miami was recently sold for $7,800,000. The property spans across 47,668 square feet and sits on approximately 1.8 acres. The sale took place on March 18, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,800,000
- Address: 7300 Northwest 35th Terrace
- Market: Miami
- Size: 47,668 square feet
- Price per square foot: $164
- Acres: 1.8
The buyer of the property is Mauro Libi, while the seller is Vertilux represented by Jose Alexandre Garcia Costas.
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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93