Max Tonconogy Acquires Industrial Land From Diego Navia In Miami For $3.7M
740 Northwest 71st Street
$3,700,000
Building Size
—
Asset Type
Industrial
Closing
Jul 15, 2024
AI
The property involved in this transaction is an industrial land located at 740 NW 71st Street in the Miami market. The sale was finalized at a price of $3,700,000, with a building square footage of 72,726, resulting in a price per building square foot of $51.
Summary of transation details:
- Property Type: Industrial Land
- Transaction Amount: $3,700,000
- Address: 740 NW 71st Street
- Market: Miami
- Building Square Footage: 72,726
- Price per Building Square Foot: $51
- Buyer: Max Tonconogy
- Seller: Diego Navia
- Buyer's Representative: Mateo Romero & Alfredo Riascos - Gridline Properties
- Seller's Representative: Pablo Rodriguez - Gridline Properties
This transaction involved key representatives from Gridline Properties, with Mateo Romero and Alfredo Riascos representing the buyer, Max Tonconogy, and Pablo Rodriguez representing the seller, Diego Navia.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93