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961 Northwest 7th Street

Babba Joshua Yesharim Acquires Industrial Property In Miami For $7M
SOLDIndustrial

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

Babba Joshua Yesharim

Buyer

$107.5M

vol

28 deals

Buyer

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