Antonios Yazbek Acquires Flex Building In Miami From George Feldenkreis For $3.3M
SOLD
$3,300,000
Florida
See Similar DealsIndustrial16,855 SF
Sold
SOLD
Antonios Yazbek Acquires Flex Building In Miami From George Feldenkreis For $3.3M
7495 NW 48th St, Miami, FL 33166
See Similar DealsIndustrial16,855 SF
Sold
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$195
Total Square Footage:16855 SF
Transaction Type:Sale
The flex building located at 7495 NW 48th St in Miami has been sold. The transaction took place on 03/22/2022.
Summary of transaction details
- Property Type: Flex Building
- Transaction Amount: $3,300,000
- Address: 7495 NW 48th St, Miami
- Square Footage: 16,855 SF
- Price per Square Foot: $196
The buyer of the property is Antonios Yazbek, while the seller is George Feldenkreis. Representing the buyer is Donald Shapiro from KG Commercial at Compass, and representing the seller is Daniel French from Florida Realty of Miami.
The property was initially listed for $3,275,000 and was ultimately sold for $3,300,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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