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John Safi Acquires Miami Portfolio Sale From Widel Limited For $6.8M

Property Image
SOLD
$6,800,000
Joel A. Kattan
Anthony Peragine
+ 1

Florida

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Industrial136,443 SF
Sold
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Property Image
SOLD

John Safi Acquires Miami Portfolio Sale From Widel Limited For $6.8M

7420 Northwest 31st Avenue

See Similar Deals
Industrial136,443 SF
Sold
Joel A. Kattan
Anthony Peragine
+ 1
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$49
Total Square Footage:136443 SF
Transaction Type:Sale

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

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

Joel A. Kattan
15 deals$171.8M volume
BROKER

Anthony Peragine
SVN
15 deals$171.8M volume
BROKER

Cary Cohen
Blanca Commercial Real Estate
4 deals$64.9M volume
BROKER

Details

SOLD
IMAGE: Anthony Peragine, Joel A. Kattan & Cary Cohen DATE: 10/02/2023 ADDRESS: 7420 Northwest 31st Avenue, 7455 Northwest 32nd Avenue & 3090 Northwest 75th Street MARKET: Miami ASSET TYPE: Portfolio Sale BUYER: John Safi SELLER: Widel Limited BUYER'S REP: Joel A. Kattan (@JoeyKattan_717), Anthony Peragine (@AnthonyPeraginepa) - SVN Commercial Realty Miami (@SVNMiami) SELLER'S REP: Cary Cohen (@Cary.Cohen) - Blanca Commercial Real Estate (@BlancaCRE) SALE PRICE: $6,800,000 SF: 45,481 ~ PPSF: $150

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$362,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63