Updated Oct 29, 2024
Bomnin Automotive Group Acquires Industrial Property In Pinecrest For $7.3M
8525 South Dixie Highway, Pinecrest, FL, USA
$7,300,000
$912/SF
Building Size
8,000 SF
Asset Type
Industrial
Closing
Jan 24, 2021
About this deal
AI
Arnaldo Bomnin has purchased an industrial property located at 8525 South Dixie Highway in Pinecrest. The property, spanning 8,000 square feet, was sold by James B. Burgin Jr. for a total price of $7,300,000. With a price per square foot of $913, the transaction took place on January 25, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,300,000
- Address: 8525 South Dixie Highway, Pinecrest
- Market: Pinecrest
- Buyer: Bomnin Automotive Group - Arnaldo Bomnin
- Seller: James B. Burgin Jr.
- Square Feet: 8,000
- Price per Square Foot: $913
Arnaldo Bomnin, representing the Bomnin Automotive Group, acted as the buyer in this transaction. Meanwhile, James B. Burgin Jr. served as the seller. This sale represents a significant step for both parties in the industrial real estate market.
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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93