Daniel Alonzo Acquires Industrial Property On Northeast Miami Court For $1.7M With Buyer's Rep Jonathan Baixauli
SOLD
$1,700,000
Florida
See Similar DealsIndustrial5,465 SF
Sold 03/21/2025
SOLD
Daniel Alonzo Acquires Industrial Property On Northeast Miami Court For $1.7M With Buyer's Rep Jonathan Baixauli
7230 Northeast Miami Court
See Similar DealsIndustrial5,465 SF
Sold 03/21/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$311
Total Square Footage:5,465 SF
Transaction Type:Sale
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:
- Property Type: Industrial
- Transaction Amount: $1,700,000.00
- Address: 7230 Northeast Miami Court
- Market: Little River
- Square Footage: 5,465.0
- Buyer: Daniel Alonzo
- Seller: Jean Constant
- Buyer’s Representative: Jonathan Baixauli (Orione Realty Group)
- Seller’s Representative: George Belesis (DWNTWN Realty Advisors)
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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