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:
- 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.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93