Updated Dec 18, 2024
Sonia Menez Purchases Industrial Property From Oliver De Mori For $1.85 Million In Miami
840 NW 71 St
$1,850,000
$364/SF
Building Size
5,083 SF
Asset Type
Industrial
Closing
Dec 6, 2024
About this deal
AI
The property asset involved in this transaction is an industrial property located at 840 Northwest 71st Street in Miami. The property was sold for $1,850,000 and encompasses a total square footage of 5,083, resulting in a price per square foot of $363.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,850,000
- Address: 840 Northwest 71st Street
- Market: Miami
- Square Footage: 5,083
- Price Per Square Foot: $363
- Buyer: Sonia Menez
- Seller: Oliver De Mori
- Brokers: Alfredo Riascos & Mateo Romero - Gridline Properties
Key individuals in this transaction include the buyer, Sonia Menez, and the seller, Oliver De Mori. The brokers representing the deal are Alfredo Riascos and Mateo Romero from Gridline Properties, facilitating the sale between the two parties.
On the Map
$1,850,000
$364/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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93