Jonathan Benrimon Acquires Industrial Property In Miami From Elein Valdes For $1.325M
SOLD
$1,325,000
Florida
See Similar DealsMultiFamily4,410 SF
Sold 09/12/2024
SOLD
Jonathan Benrimon Acquires Industrial Property In Miami From Elein Valdes For $1.325M
1918 Northwest 21st Street
See Similar DealsMultiFamily4,410 SF
Sold 09/12/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$300
Total Square Footage:4,410 SF
Transaction Type:Sale
The property involved in this transaction is an industrial asset located at 1918 Northwest 21st Street, Miami. The sale price for this property was $1,325,000. The asset encompasses a total of 4,410 square feet, resulting in a price per square foot of $300.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,325,000
- Address: 1918 Northwest 21st Street
- Market: Miami
- Square Feet: 4,410
- Price per Square Foot: $300
- Buyer: Jonathan Benrimon
- Seller: Elein Valdes
- Brokers: Rey Moya & Carlos Fausto Miranda - Fausto Commercial Realty Consultants
Jonathan Benrimon acted as the buyer in this transaction, while Elein Valdes represented the seller. The brokerage services for this transaction were provided by Rey Moya and Carlos Fausto Miranda from Fausto Commercial Realty Consultants.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,707.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,281.18
Annual Debt Service$75,374.11
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