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
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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