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7230 Northeast Miami Court

Daniel Alonzo Acquires Industrial Property On Northeast Miami Court For $1.7M With Buyer's Rep Jonathan Baixauli
SOLDIndustrial

Daniel Alonzo Acquires Industrial Property On Northeast Miami Court For $1.7M With Buyer's Rep Jonathan Baixauli

7230 Northeast Miami Court

$1,700,000

$311/SF

Building Size

5,465 SF

Asset Type

Industrial

Closing

Mar 21, 2025

AI

The property sold is an industrial asset located at 7230 Northeast Miami Court in the Little River market. The sale occurred for a transaction amount of $1,700,000.00, encompassing a total square footage of 5,465.0. The building was put under contract in 3 days amidst a multiple offer scenario.

Summary of transaction details:

This transaction highlights the efficacy of the firms in navigating the competitive real estate landscape, capitalizing on the demand within the Little River submarket. The swift acceptance of offers showcases the strong market momentum at play.

Players

George Belesis

DWNTWN Realty Advisors

Broker

$52.7M

vol

17 deals

Broker

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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93