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
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