Updated Dec 21, 2023
Michelle Madrid Acquires Warehouse In Miami, FL For $2,175,000
850 Northeast 78th Street, Miami, Florida 33138, United States
$2,175,000
$1,214/SF
Building Size
1,791 SF
Asset Type
Industrial
Closing
Mar 28, 2022
About this deal
AI
A warehouse located at 850 NE 78th St in Miami, FL has been sold for a total price of $2,175,000. The property spans across 1,791 square feet, resulting in a price per square foot of $1,214.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $2,175,000
- Address: 850 NE 78th St, Miami, FL
- Market: Miami, FL
The buyer of the warehouse is Michelle Madrid, while the sellers are Cynthia S. Palmer and Jennifer Fleming.
The industrial sale at 850 Northeast 78th Street, Miami, Florida 33138, United States in Miami, Florida sold for $2.2M in 2022. The building is 1,791 square feet, implying about 1.2K per square foot on the published price. This page is the Miami, Florida file for the 850 Northeast 78th Street, Miami, Florida 33138, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Miami sit in the Market section below. Filter that Miami industrial set by closing date to see what else sold near 850 Northeast 78th Street, Miami, Florida 33138, United States around 2022. Published consideration for 850 Northeast 78th Street, Miami, Florida 33138, United States is $2.2M, dated 2022. Cite this Michelle Madrid Acquires Warehouse In Miami, FL For $2,175,000 sale when underwriting similar industrial product around Miami, Florida.
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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
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93