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
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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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93