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810 Northwest 72nd Street, ...

Big Move Properties Acquires Industrial Asset In Little River For $3 Million
SOLDIndustrial

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

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.

Players

Alfredo Riascos

Gridline Properties

Broker

$331.2M

vol

49 deals

Broker
Big Move Properties
Big Move PropertiesBuyer

Howard Roark

Seller

$44M

vol

10 deals

Seller

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