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3601 Northwest 123rd Street...

Gabriela Safi, Danielle L Safi & John Safi Acquire Manufacturing/Processing Facility In Miami, FL For $6.5M
SOLDOther

Gabriela Safi, Danielle L Safi & John Safi Acquire Manufacturing/Processing Facility In Miami, FL For $6.5M

3601 Northwest 123rd Street, Miami, Florida 33167, United States

$6,500,000

$225/SF

Building Size

28,864 SF

Asset Type

Other

Closing

Sep 18, 2022

AI

The manufacturing/processing property located at 3601 NW 123th St in Miami, FL has been sold. The transaction took place on 09/19/2022, with Robert Comunale selling the property to Gabriela Safi, Danielle L Safi & John Safi. The sale price for the property was $6,500,000, and it spans a total square footage of 28,864. This results in a price per square foot of $225.

Summary of transaction details

  • Property Type: Manufacturing/Processing
  • Transaction Amount: $6,500,000
  • Address: 3601 NW 123th St, Miami, FL
  • Market: Miami, FL
  • Buyer: Gabriela Safi, Danielle L Safi & John Safi
  • Seller: Robert Comunale
  • Square Footage: 28,864
  • Price per Square Foot: $225

The sale of the manufacturing/processing property at 3601 NW 123th St in Miami, FL involved key individuals and companies. Robert Comunale acted as the seller in this transaction. On the other side, Gabriela Safi, Danielle L Safi & John Safi represented the buying party.

Players

John Safi

Safco Capital

Buyer

$82.3M

vol

6 deals

Buyer

Miami Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93