Hector Romero Purchases Industrial Property In Miami For $1.9M
SOLD
Florida
See Similar DealsIndustrial7,128 SF
Sold 01/16/2023
SOLD
Hector Romero Purchases Industrial Property In Miami For $1.9M
8081 Southwest 66th Street
See Similar DealsIndustrial7,128 SF
Sold 01/16/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$266
Total Square Footage:7,128 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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