Updated Oct 28, 2024
Tonco Partners Acquires Industrial Asset In Little River For $1.7M
7626 NW 7 Ave, Miami, Florida 33150, United States
$1,700,000
$304/SF
Building Size
5,577 SF
Asset Type
Industrial
Closing
Oct 9, 2022
About this deal
AI
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.
On the Map
$1,700,000
$304/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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93