Jack Guttman Acquires Industrial Property In Miami For $1.5M
SOLD
Florida
See Similar DealsIndustrial9,144 SF
Sold 10/01/2021
SOLD
Jack Guttman Acquires Industrial Property In Miami For $1.5M
7360 Northwest 35th Avenue, Miami, FL 33147, USA
See Similar DealsIndustrial9,144 SF
Sold 10/01/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$164
Total Square Footage:9,144 SF
Transaction Type:Sale
The industrial property located at 7360 NW 35th Avenue in Miami was recently sold in a transaction. The property spans 9,144 square feet and was sold for $1,500,000, resulting in a price per square foot of $164. The sale took place on October 1, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,500,000
- Address: 7360 NW 35th Avenue, Miami
- Square Footage: 9,144
- Price per Square Foot: $164
Jack Guttman is the buyer of the property, while Silvio Caetano acted as the seller. The seller was represented by Ryan Shaw and Shelly Argy of Marcus & Millichap.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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