John Safi Acquires Miami Portfolio Sale From Widel Limited For $6.8M
7420 Northwest 31st Avenue, 7455 Northwest 32nd Avenue & 3090 Northwest 75th Street
$6,800,000
$49/SF
Building Size
136,443 SF
Asset Type
Industrial
Closing
Oct 2, 2023
AI
An extensive portfolio of properties in Miami has recently been sold for a total of $6,800,000. The portfolio consists of three properties, namely 7420 Northwest 31st Avenue, 7455 Northwest 32nd Avenue, and 3090 Northwest 75th Street, with a combined square footage of 45,481. The price per square foot is approximately $150, reflecting the market's assessment of the value of these assets.
Summary of transation details
- Property Type: Portfolio Sale
- Transaction Amount: $6,800,000
- Market: Miami
- Buyer: John Safi
- Seller: Widel Limited
- Buyer's Representative: Joel A. Kattan, Anthony Peragine - SVN Commercial Realty Miami
- Seller's Representative: Cary Cohen - Blanca Commercial Real Estate
The deal was facilitated by the buyer's representatives, Joel A. Kattan and Anthony Peragine from SVN Commercial Realty Miami, and the seller's representative, Cary Cohen from Blanca Commercial Real Estate. Their expertise and negotiation skills played a crucial role in finalizing the transaction.
Players
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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93