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8945 Northwest 7th Avenue, ...

Henrik Laursen Acquires Mixed-use Property In Miami For $2.9M
SOLDMixed-use

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

Jamie Rose Maniscalco

The Alpha Commercial

Broker

$197.5M

vol

57 deals

Broker
APEX Capital Realty
APEX Capital RealtyBrokerage

Willie Taylor

Seller

$3.7M

vol

2 deals

Seller

Miami Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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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