Harvey Hernandez Purchases Industrial Asset From Stenio D'Haiti For $1.15M In Little River
7441 North Miami Avenue
$1,150,000
$1,461/SF
Building Size
787 SF
Asset Type
Industrial
Closing
Aug 17, 2025
AI
The property asset is an industrial space located at 7441 North Miami Avenue in the Little River market. The sale transaction was completed for a price of $1,150,000, resulting in a total square footage of 787, which translates to a price per square foot of $1,461.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,150,000
- Address: 7441 North Miami Avenue
- Market: Little River
- Square Footage: 787
- Price Per Square Foot: $1,461
- Buyer: Harvey Hernandez
- Seller: Stenio D'Haiti
- Brokers: George Belesis & Chris Sterling - DWNTWN Realty Advisors
The transaction involved key individuals including the buyer, Harvey Hernandez, and the seller, Stenio D'Haiti. The deal was facilitated by brokers George Belesis and Chris Sterling representing DWNTWN Realty Advisors.
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93