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
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