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Yulenia Perez Acquires Industrial Property In Miami For $4.2M

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SOLD
$4,200,000

Florida

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Industrial18,000 SF
Sold 12/28/2021
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Property Image
SOLD

Yulenia Perez Acquires Industrial Property In Miami For $4.2M

8175 NW 31st St, Miami, FL 33122

See Similar Deals
Industrial18,000 SF
Sold 12/28/2021
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$233
Total Square Footage:18,000 SF
Transaction Type:Sale

Located at 8175 NW 31 St in Miami, this industrial property was recently sold for a price of $4,200,000. Spanning over 18,000 square feet, the property offers ample space for various industrial activities. The sale price of $4,200,000 translates to a price per square foot of $233.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $4,200,000
  • Address: 8175 NW 31 St, Miami
  • Market: Miami
  • Buyer: Yulenia Perez
  • Seller: Daniel Uribe
  • Buyer's Representative: Chris Cleveland - RE/MAX 360 Real Estate
  • Seller's Representative: Konstantin Maximowitsch - Optimar International Realty
  • Square Footage: 18,000
  • Price Per Square Foot: $233

The buyer, Yulenia Perez, acquired the property from the seller, Daniel Uribe. Representing the buyer in this transaction was Chris Cleveland from RE/MAX 360 Real Estate, while Konstantin Maximowitsch from Optimar International Realty acted as the seller's representative. This successful deal demonstrates the collaboration between the parties involved in completing the sale of this industrial property.

Players

Chris Cleveland
2 deals$6.3M volume
BROKER

Konstantin Maximowitsch
1 deal$4.2M volume
BROKER

Details

SOLD
IMAGE: Chris Cleveland DATE: 12/28/2021 ADDRESS: 8175 NW 31 St MARKET: Miami ASSET TYPE: Industrial BUYER: Yulenia Perez SELLER: Daniel Uribe BUYER'S REP: Chris Cleveland (@ChrisCleveland_CRE) - RE/MAX 360 Real Estate SELLER'S REP: Konstantin Maximowitsch - Optimar International Realty SALE PRICE: $4,200,000 SF: 18,000 ~ PPSF: $233

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$223,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71