Updated Oct 10, 2025
Joseph Khakshouri Acquires Industrial Asset In Miami From Tomas Sulichin For $2 Million
7600 Northwest 7th Avenue
$2,000,000
$243/SF
Building Size
8,200 SF
Asset Type
Industrial
Closing
Oct 5, 2025
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 7600 Northwest 7th Avenue, Miami. The sale price for the property was $2,000,000, with a total square footage of 8,200 and a price per square foot of $243.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,000,000
- Buyer: Joseph Khakshouri
- Seller: Tomas Sulichin
- Seller's Representative: Tomas Sulichin - RelatedISG International Realty
- Market: Miami
- Sale Date: 10/06/2025
Tomas Sulichin, the seller, originally purchased the property in 2021 for $1,000,000 when it was operating as a church. His decision to acquire the property was influenced by the price per square foot, which he considered the most significant factor. The sale reflects an approximate 25% appreciation per year, leading to over a 100% total return during his ownership.
On the Map
$2,000,000
$243/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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93