Andrew Reed Acquires Industrial Property From Jason Allen For $1.945M With Seller's Rep Jonathan Eismann
SOLD
$1,945,000
Florida
See Similar DealsIndustrial3,145 SF
Sold 11/10/2025
SOLD
Andrew Reed Acquires Industrial Property From Jason Allen For $1.945M With Seller's Rep Jonathan Eismann
800 Northwest 22nd Street
See Similar DealsIndustrial3,145 SF
Sold 11/10/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$618
Total Square Footage:3,145 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,910.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,220.29
Annual Debt Service$110,643.51
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