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2503 Northwest 37th Street

Jose Arango Purchases Industrial Property From Robert Metzler For $6 Million In Miami
SOLDIndustrial

Jose Arango Purchases Industrial Property From Robert Metzler For $6 Million In Miami

2503 Northwest 37th Street & 2696 Northwest 36th Street

$6,000,000

Building Size

Asset Type

Industrial

Closing

Jun 1, 2026

AI

The property involved in this transaction is an industrial asset located at 2503 NW 37 ST & 2696 NW 38 ST in Miami. The sale was executed for a total amount of $6,000,000. The asset encompasses a total square footage of 20,700, resulting in a price per square foot of $289. The property has complex environmental concerns associated with it.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,000,000
  • Address: 2503 NW 37 ST & 2696 NW 38 ST
  • Market: Miami
  • Square Footage: 20,700
  • Price Per Square Foot: $289
  • Buyer: Jose Arango
  • Seller: Robert Metzler
  • Broker: Sergio Fuenzalida - Cornerstone International Realty
  • Buyer’s Attorney: Victor Adam Ruiz

This transaction highlights the expertise of Sergio Fuenzalida, who represented Robert Metzler in the deal. The complexity of the transaction was addressed effectively, confirming the broker's capability to solve challenging issues and facilitating a successful outcome for his clients.

Players

Sergio Fuenzalida

Cornerstone International Realty

Broker

$12.5M

vol

2 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

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93