Babba Joshua Yesharim Acquires Industrial Property In Miami For $7M
SOLD
$7,000,000
Florida
See Similar DealsIndustrial34,931 SF
Sold 01/06/2023
SOLD
Babba Joshua Yesharim Acquires Industrial Property In Miami For $7M
961 Northwest 7th Street
See Similar DealsIndustrial34,931 SF
Sold 01/06/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$200
Total Square Footage:34,931 SF
Transaction Type:Sale
Babba Joshua Yesharim has purchased an industrial property located at 961 Northwest 7th Street in Miami. The property spans 34,931 square feet and was sold for $7,000,000, resulting in a price per square foot of $200.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Square Footage: 34,931
- Address: 961 Northwest 7th Street, Miami
The seller of the property was Missika Family. As the buyer's representative, Babba Joshua Yesharim facilitated the transaction on behalf of the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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