Henrik Laursen Acquires Mixed-use Property In Miami For $2.9M
8945 Northwest 7th Avenue, Miami, FL 33150
$2,915,000
$40/SF
Building Size
72,092 SF
Asset Type
Mixed-use
Closing
Jul 29, 2020
AI
An industrial property located at 8945-8995 NW 7th Ave in Miami has been sold in a mixed-use transaction. The property spans across 1.65 acres and boasts a total square footage of 72,092. The adjusted square footage is recorded at 6,184. The transaction took place on July 29, 2021, with a sale price of $2,915,000, resulting in a price per acre of $1,766,666.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $2,915,000
- Address: 8945-8995 NW 7th Ave, Miami
- Market: Miami
- Buyer: Henrik Laursen
- Seller: Willie Taylor
The buyer, Henrik Laursen, acquired the property while being represented by Alan Leon from Williams Commercial. On the other hand, the seller, Willie Taylor, had representation from Jamie Maniscalco and Alex K. Tsoulfas.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.44%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93