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7495 NW 48th St, Miami, FL ...

Antonios Yazbek Acquires Flex Building In Miami From George Feldenkreis For $3.3M
SOLDIndustrial

Antonios Yazbek Acquires Flex Building In Miami From George Feldenkreis For $3.3M

7495 NW 48th St, Miami, FL 33166

$3,300,000

$195/SF

Building Size

16,855 SF

Asset Type

Industrial

Closing

Mar 21, 2022

AI

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.

Players

Donald Shapiro

Compass

Broker

$58.8M

vol

10 deals

Broker

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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93