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7626 NW 7 Ave, Miami, Flori...

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

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

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.

Players

Mateo Romero

Gridline Properties

Broker

$58.7M

vol

17 deals

Broker

Max Tonconogy

Tonco Partners

Buyer

$5.6M

vol

3 deals

Buyer

Winston Persaud

WAAM Investment Corp

Seller

$3.4M

vol

2 deals

Seller

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