Victor M. Jaramillo Of CBI Real Estate Facilitates $4.5M Industrial Sale In Miami
7401 Northwest 7th Street
$4,500,000
$214/SF
Building Size
21,000 SF
Asset Type
Industrial
Closing
May 24, 2024
AI
The industrial property located at 7401 NW 7th Street, Miami, FL 33126, was recently sold for $4,500,000. Spanning 21,000 square feet, this warehouse was a part of the Miami market and was acquired by Cantelop Properties LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,500,000
- SF: 21,000
- Price per Square Foot: $214
- Seller: Carlos Lopez - Cantelop Properties LLC
- Buyer's Representative: Victor M. Jaramillo - CBI Real Estate
Victor M. Jaramillo, representing CBI Real Estate, played a crucial role in facilitating this transaction. Known for his dedication and expertise, Victor expressed gratitude for his involvement in finding the perfect warehouse for his client. Over the years, he has cultivated strong relationships with investors in Florida's industrial warehouse market, showcasing his commitment towards ensuring client satisfaction in property acquisitions.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93