Updated Oct 28, 2024
Big Move Properties Acquires Industrial Asset In Little River For $3 Million
810 Northwest 72nd Street, Little River, Miami, FL, USA
$3,000,000
$52/SF
Building Size
57,187 SF
Asset Type
Industrial
Closing
Nov 15, 2021
About this deal
AI
The industrial property located at 810 NW 72 Street in Little River has been sold in a transaction that closed on November 15, 2021. The property spans approximately 57,187 square feet, with a sale price of $3,000,000, resulting in a price per square foot of $52.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,000,000
- Market: Little River
The buyer, Big Move Properties, acquired the property from the seller, Howard Roark. Jonathan Eismann, representing Gridline Properties, acted as the buyer's representative in the deal, while Alfredo Riascos, also from Gridline Properties, represented the seller.
On the Map
$3,000,000
$52/SF
Industrial
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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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93