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800 Northwest 22nd Street

Andrew Reed Acquires Industrial Property From Jason Allen For $1.945M With Seller's Rep Jonathan Eismann
SOLDIndustrial

Andrew Reed Acquires Industrial Property From Jason Allen For $1.945M With Seller's Rep Jonathan Eismann

800 Northwest 22nd Street

$1,945,000

$618/SF

Building Size

3,145 SF

Asset Type

Industrial

Closing

Nov 9, 2025

AI

The property asset involved in this transaction is an industrial asset located at 800 Northwest 22nd Street in Miami. The sale price of the property was $1,945,000, with a total square footage of 3,145, resulting in a price per square foot of $618.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,945,000
  • Address: 800 Northwest 22nd Street
  • Market: Miami
  • Square Footage: 3,145
  • Price per Square Foot: $618
  • Buyer: Andrew Reed
  • Seller: Jason Allen
  • Seller's Representative: Jonathan Eismann - Gridline Properties

The key individuals involved in this transaction include the buyer, Andrew Reed, and the seller, Jason Allen, with Jonathan Eismann representing the seller's interests in the deal through Gridline Properties.

Players

Jonathan Eismann

Gridline Properties

Broker

$104.2M

vol

38 deals

Broker
Gridline Properties
Gridline PropertiesBrokerage

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

8.16%

Cash-on-Cash

-2.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93