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7800 Northwest 6th Court, M...

Francisco Aristeguieta Acquires Industrial Property In Miami For $1.85M
SOLDIndustrial

Francisco Aristeguieta Acquires Industrial Property In Miami For $1.85M

7800 Northwest 6th Court, Miami, FL 33150, USA

$1,850,000

$383/SF

Building Size

4,827 SF

Asset Type

Industrial

Closing

Apr 11, 2021

AI

A warehouse condo located at 7800 NW 6th Ct in Miami has recently been sold in a record-breaking transaction. The property, part of the Little River Market, was sold for a sale price of $1,850,000. The warehouse spans 4,827 square feet and was sold at a price per square foot of $390. This sale marks a growing trend of high-value transactions within the sub-market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,850,000
  • Address: 7800 NW 6th Ct
  • Market: Miami

The buyer of the property is Francisco Aristeguieta, while the seller is Alberto Sbarra. Representing the buyer in this transaction is Anabella Hidalgo from Brown Harris Stevens. On the seller's side, Irene Dakota from Gridline Properties acted as the seller's representative.

It is worth noting that this sale of the warehouse condo, which achieved a price per square foot of $390, has set a new record in the area. Additionally, there are three more turn-key condo warehouses available for sale within the Little River Market. These warehouses are ideal for end-users, featuring office/showroom spaces, 100% HVAC, and 22' ceiling heights.

Players

Anabella Hidalgo

Brown Harris Stevens

Broker

$1.9M

vol

1 deal

Broker

Alberto Sbarra

Seller

$10.1M

vol

3 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

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93