Updated Sep 5, 2024
Gabriel Hernandez Acquires Industrial Property In Miami For $7M
900 Sw 70th Ave, Miami, Fl 33144
$7,000,000
$233/SF
Building Size
30,011 SF
Asset Type
Industrial
Closing
Apr 21, 2023
About this deal
AI
An industrial property located at 900 SW 70th Ave in Miami has been sold for $7,000,000. Spanning 30,011 square feet, the property was acquired by Gabriel Hernandez from the seller, Raul Cossio. The transaction was facilitated by brokers Eduardo "Eddie" Toledo and Jonathan De LaRosa from Marcus & Millichap, as well as Lino Morejon from Mayfair Real Estate Advisors. The price per square foot for the sale was $233.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Address: 900 SW 70th Ave, Miami
- Buyer: Gabriel Hernandez
- Seller: Raul Cossio
- Brokers: Eduardo "Eddie" Toledo & Jonathan De LaRosa - Marcus & Millichap; Lino Morejon - Mayfair Real Estate Advisors
Eduardo "Eddie" Toledo and Jonathan De LaRosa from Marcus & Millichap, along with Lino Morejon from Mayfair Real Estate Advisors, played crucial roles as brokers in facilitating the transaction. Their expertise and representation contributed to the successful completion of the deal.
Players
White House Trailer Park 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