Babba Joshua Yesharim Acquires Industrial Property In Miami For $7M
961 Northwest 7th Street
$7,000,000
$200/SF
Building Size
34,931 SF
Asset Type
Industrial
Closing
Jan 6, 2023
AI
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.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93