Updated Sep 5, 2024
Gabriel Hernandez Acquires Industrial Property In Miami For $7M
900 SW 70th Ave
$7,000,000
$233/SF
Building Size
30,011 SF
Asset Type
Industrial
Closing
Apr 21, 2023
About this deal
AI
The industrial property located at 900 SW 70th Ave in Miami was recently sold for a price of $7,000,000. Spanning across 30,011 square feet, the property was purchased by Gabriel Hernandez from seller Raul Cossio. The transaction took place on April 21, 2023, with Eduardo "Eddie" Toledo & Jonathan De LaRosa from Marcus & Millichap, along with Lino Morejon from Mayfair Real Estate Advisors, acting as the brokers in the deal.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Date: 04/21/2023
- Address: 900 SW 70th Ave
- Market: Miami
- Buyer: Gabriel Hernandez
- Seller: Raul Cossio
- Brokers: Eduardo "Eddie" Toledo & Jonathan De LaRosa - Marcus & Millichap ; Lino Morejon - Mayfair Real Estate Advisors
- Square Footage: 30,011
- Price per Square Foot: $233
Eduardo "Eddie" Toledo & Jonathan De LaRosa, representing Marcus & Millichap, along with Lino Morejon from Mayfair Real Estate Advisors, played crucial roles in facilitating the transaction.
Players
Plantation 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93