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Windsor Investments Acquires Industrial Property In Miami For $4.4M

Property Image
SOLD
$4,400,000
Jonathan Eismann
Alfredo Riascos

Florida

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Industrial24,000 SF
Sold 06/21/2020
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SOLD

Windsor Investments Acquires Industrial Property In Miami For $4.4M

950 Northwest 72nd Street, Miami, FL, USA

See Similar Deals
Industrial24,000 SF
Sold 06/21/2020
Jonathan Eismann
Alfredo Riascos
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$183
Total Square Footage:24,000 SF
Transaction Type:Sale

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

Alfredo Riascos
Gridline Properties
Alfredo Riascos
48 deals$299.2M volume(305) 507-7098
BROKER
Jonathan Eismann
Gridline Properties
Jonathan Eismann
36 deals$95.6M volume(305) 507-7098
BROKER
WI
Windsor Investments
BUYER

Details

SOLD
IMAGE: Jonathan Eismann & Alfredo Riascos DATE: 06/21/2021 ADDRESS: 950 NW 72 Street MARKET: Miami ASSET TYPE: Industrial BUYER: Windsor Investments SELLER: David Loeb BUYER'S REP: Jonathan Eismann @JonEismann - Gridline Properties @GridlineProperties SELLER'S REP: Alfredo Riascos - Gridline Properties SALE PRICE: $4,400,000 SF: 24,000 ~ PPSF: $183 LOT SIZE: 38,425

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$234,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94