Updated Aug 31, 2026
SOLDIndustrial
Star Bakery Purchases Industrial Asset From Steven Ginsberg, Juda Hersh, Jake Stauber & Corey Schwartz For $2.18M
3908 Northwest 32nd Avenue
$2,180,000
$205/SF
Building Size
10,600 SF
Asset Type
Industrial
Closing
Nov 2, 2025
About this deal
AI
The property asset involved in the transaction is located at 3908 Northwest 32nd Avenue in Miami. This industrial asset has a total square footage of 10,600 and was sold for a price of $2,180,000, which equates to a price per square foot of $205.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,180,000
- Buyer: Star Bakery
- Seller: Steven Ginsberg, Juda Hersh, Jake Stauber, and Corey Schwartz - Hersh Equity Group
- Square Footage: 10,600
- Price per Square Foot: $205
- Market: Miami
- Sale Date: 11/3/2025
The sale was facilitated by the sellers from Hersh Equity Group who expressed their satisfaction with the quick turnaround of just two months after their initial purchase. The team is actively seeking further value-add small-bay industrial opportunities across Florida, aiming for acquisitions exceeding 30,000 square feet before year-end. Interested parties can reach out to Steven or Jake for available deals.
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
7.28%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93