Jack Guttman Acquires Industrial Property In Miami For $1.5M
7360 Northwest 35th Avenue, Miami, FL 33147, USA
$1,500,000
$164/SF
Building Size
9,144 SF
Asset Type
Industrial
Closing
Oct 1, 2021
AI
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
Hialeah 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93