Updated Dec 23, 2025
Jean Robert Cesar Sells Industrial Asset In Miami For $2.9 Million With Brokers George Belesis & Andrew Dixon
7501 Northeast 3rd Place
$2,900,000
$498/SF
Building Size
5,820 SF
Asset Type
Industrial
Closing
Dec 14, 2025
About this deal
AI
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.
On the Map
$2,900,000
$498/SF
Industrial
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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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93