Updated Oct 28, 2024
Windsor Investments Acquires Industrial Property In Miami For $4.4M
950 Northwest 72nd Street, Miami, FL, USA
$4,400,000
$183/SF
Building Size
24,000 SF
Asset Type
Industrial
Closing
Jun 21, 2020
About this deal
AI
An industrial property located at 950 NW 72 Street in Miami was recently sold for $4,400,000. The property covers an area of 24,000 square feet and has a lot size of 38,425 square feet. The sale price per square foot for this transaction was $183.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,400,000
- Address: 950 NW 72 Street, Miami
- Market: Miami
- Square footage: 24,000
- Price per square foot: $183
- Lot size: 38,425
Windsor Investments emerged as the buyer in this deal, while David Loeb was the seller. The buyer was represented by Jonathan Eismann from Gridline Properties, and the seller was represented by Alfredo Riascos, also from Gridline Properties.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93