Alex Salmon And Nico Salmon Acquire Industrial Warehouse From Marlen De Varona For $5.84M
7450 Northwest 41st Street
$5,836,800
$295/SF
Building Size
19,760 SF
Asset Type
Industrial
Closing
Sep 22, 2025
AI
This transaction involved the sale of an industrial property located at 7450 Northwest 41st Street in Miami. The asset comprises 19,760 square feet and was sold for a total price of $5,836,800, which equates to $295 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,836,800
- Square Footage: 19,760
- Address: 7450 Northwest 41st Street
- Market: Miami
- Buyer: Alex Salmon & Nico Salmon
- Seller: Marlen De Varona
- Brokers: Joseph Suarez & Andres Villarreal - Trustpoint Realty
Joseph Suarez and Andres Villarreal from Trustpoint Realty represented both the buyer and seller in this transaction. Trustpoint Realty has recently expanded its office and is actively seeking motivated agents to join their team, emphasizing their focus on cold calling to find new deals for clients.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.72%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93