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.
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