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850 Northwest 71st Street

Gridline Properties Sells Industrial Asset At 850 Northwest 71st Street Miami For $3.05M
SOLDIndustrial

Gridline Properties Sells Industrial Asset At 850 Northwest 71st Street Miami For $3.05M

850 Northwest 71st Street

$3,050,000

$221/SF

Building Size

13,750 SF

Asset Type

Industrial

Closing

Oct 9, 2025

AI

The property located at 850 Northwest 71st Street in Miami is an industrial asset that spans 13,750 square feet. The sale was concluded on 10/10/2025, with a transaction price of $3,050,000, which equates to a price per square foot of $221.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,050,000
  • Address: 850 Northwest 71st Street
  • Market: Miami
  • Square Footage: 13,750
  • Price per Square Foot: $221
  • Broker: Mateo Romero - Gridline Properties
  • Seller's Broker: Alfredo Riascos - Gridline Properties

industrial sector of miami. their expertise has enabled them connect qualified investors with performing assets client now pursuing additional small mid-size bay opportunities across miami-dade broward palm beach.>

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

5.20%

Cash-on-Cash

-1.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93