facebook
Traded Co logo
Submit

Tonco Partners Acquires Industrial Asset In Little River For $1.7M

Property Image
SOLD
$1,700,000
Mateo Romero
WP
MT

Florida

See Similar Deals
Industrial5,577 SF
Sold 10/10/2022
the dealplayerscompscontact
Property Image
SOLD

Tonco Partners Acquires Industrial Asset In Little River For $1.7M

7626 NW 7 Ave, Miami, Florida 33150, United States

See Similar Deals
Industrial5,577 SF
Sold 10/10/2022
Mateo Romero
WP
MT
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$304
Total Square Footage:5,577 SF
Transaction Type:Sale

The industrial property located at 7626 NW 7 Ave in Little River has been sold for a price of $1,700,000. Spanning across 5,577 square feet, the property was acquired by Tonco Partners, represented by Max Tonconogy of Gridline Properties. The seller, WAAM Investment Corp, was represented by Winston Persaud, also from Gridline Properties. The transaction took place on 10/10/2022.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,700,000
  • Square Footage: 5,577
  • Price per Square Foot: $305
  • Address: 7626 NW 7 Ave, Little River
  • Market: Little River

Mateo Romero from Gridline Properties represented the buyer, Tonco Partners, while the seller, WAAM Investment Corp, was represented by Pablo Rodriguez, also from Gridline Properties. Pablo Rodriguez and Mateo Romero contributed to the successful completion of this transaction.

Players

Mateo Romero
Gridline Properties
Mateo Romero
17 deals$58.7M volume(305) 507-7098
BROKER
MT
Max Tonconogy
3 deals$5.6M volume
BUYER
WP
Winston Persaud
2 deals$3.4M volume
SELLER

Details

SOLD
IMAGE: Pablo Rodriguez & Mateo Romero DATE: 10/10/2022 ADDRESS: 7626 NW 7 Ave MARKET: Little River ASSET TYPE: Industrial BUYER: Tonco Partners - Max Tonconogy (@MaxTonco) SELLER: WAAM Investment Corp - Winston Persaud BUYER'S REP: Mateo Romero (@M.a.t.t.t.t.e.o) - Gridline Properties SELLER'S REP: Pablo Rodriguez (@PabloRodriguez.cre) - Gridline Properties (@GridlineProperties) SALE PRICE: $1,700,000 SF: 5,577 ~ PPSF: $305

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$90,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41