Jean Robert Cesar Sells Industrial Asset In Miami For $2.9 Million With Brokers George Belesis & Andrew Dixon
SOLD
$2,900,000
Florida
See Similar DealsIndustrial5,820 SF
Sold 12/15/2025
SOLD
Jean Robert Cesar Sells Industrial Asset In Miami For $2.9 Million With Brokers George Belesis & Andrew Dixon
7501 Northeast 3rd Place
See Similar DealsIndustrial5,820 SF
Sold 12/15/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$498
Total Square Footage:5,820 SF
Transaction Type:Sale
The property asset involved in the transaction is an industrial building located at 7501 Northeast 3rd Place in Miami. The sale price for the property was $2,900,000, and it encompasses a total area of 5,820 square feet, resulting in a price per square foot of $498.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,900,000
- Square Footage: 5,820
- Price Per Square Foot: $498
- Address: 7501 Northeast 3rd Place
- Market: Miami
- Seller: Jean Robert Cesar
- Broking Agents: George Belesis & Andrew Dixon - DWNTWN Realty Advisors
George Belesis and Andrew Dixon from DWNTWN Realty Advisors represented the seller, Jean Robert Cesar, in this transaction. Their role involved facilitating the sale and ensuring the deal proceeded smoothly.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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