Bernardo Duran Purchases Industrial Property From Andres Quincoses In Miami For $9.5M
8050 Northwest 64th Street
$9,500,000
$242/SF
Building Size
39,236 SF
Asset Type
Industrial
Closing
Sep 25, 2025
AI
The property asset involved in this transaction is an industrial asset located at 8050 Northwest 64th Street in the Miami market. The sale price for the property was $9,500,000, with a total square footage of 39,236, translating to a price per square foot of $242.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,500,000
- Address: 8050 Northwest 64th Street
- Market: Miami
- Square Footage: 39,236
- Price Per Square Foot: $242
- Buyer: Bernardo Duran
- Seller: Andres Quincoses
- Broker: Manny Chamizo III - Sotheby's International Realty
This transaction features Bernardo Duran as the buyer and Andres Quincoses as the seller, with representation from broker Manny Chamizo III of Sotheby's International Realty. The note from the broker emphasizes the need for a strategic thinker capable of navigating complex commercial real estate deals and enhancing property value in the current market landscape.
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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93