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840 NW 71 St

Sonia Menez Purchases Industrial Property From Oliver De Mori For $1.85 Million In Miami
SOLDIndustrial

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

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:

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.

Players

Alfredo Riascos

Gridline Properties

Broker

$331.2M

vol

49 deals

Broker

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