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8081 Southwest 66th Street

Hector Romero Purchases Industrial Property In Miami For $1.9M
SOLDIndustrial

Hector Romero Purchases Industrial Property In Miami For $1.9M

8081 Southwest 66th Street

$1,900,000

$266/SF

Building Size

7,128 SF

Asset Type

Industrial

Closing

Jan 16, 2023

AI

Hector Romero has purchased an industrial property located at 8081 Southwest 66th Street in Miami. The property spans 7,128 square feet and was sold for a price of $1,900,000, resulting in a price per square foot of $267.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,900,000
  • Address: 8081 Southwest 66th Street, Miami

The deal was facilitated by the CBRE team, consisting of Larry Genet, Tom O'Loughlin, and Zack Krawiec. They served as the brokers representing both the buyer, Hector Romero, and the seller, Patrick Dipietro.

Players

Larry Genet

CBRE

Broker

$436M

vol

57 deals

Broker

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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93