Carlos Asuaje Acquires Industrial Property In Miami From Carlos Kochen For $4.8M
SOLD
Florida
See Similar DealsIndustrial28,598 SF
Sold
SOLD
Carlos Asuaje Acquires Industrial Property In Miami From Carlos Kochen For $4.8M
7401 NW 32nd Ave Miami, FL 33147, USA
See Similar DealsIndustrial28,598 SF
Sold
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$167
Total Square Footage:28598 SF
Transaction Type:Sale
The industrial property located at 7401 NW 32 Avenue in Miami has been sold in a closed transaction. The property spans 28,598 square feet and was sold for a price of $4,800,000, resulting in a price per square foot of $168. The transaction took place on June 21, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,800,000
- Square Footage: 28,598
- Price per Square Foot: $168
- Address: 7401 NW 32 Avenue, Miami
The buyer of the property is Carlos Asuaje, while the seller is Carlos Kochen. Representing the seller in the deal were Joel A. Kattan and Anthony Peragine from SVN.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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