James Star Acquires Industrial Property In Miami-Dade For $4.85M
168 Northeast 24th Street, Miami, Florida 33137, United States
$4,850,000
$723/SF
Building Size
6,700 SF
Asset Type
Retail
Closing
Apr 19, 2022
AI
The industrial property located at 168-174 NE 24th Street in Miami-Dade has been sold for a total price of $4,850,000. The property spans across 14,600 square feet, resulting in a price per square foot of $332. The sale took place on April 20, 2022, with James Star as the buyer and Paolo Cometto as the seller.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,850,000
- Square Footage: 14,600
- Price per Square Foot: $332
- Address: 168-174 NE 24th Street, Miami-Dade
- Buyer: James Star
- Seller: Paolo Cometto
- Buyer's Representative: Mauricio Zapata - Chariff Realty Group
- Seller's Representatives: Hector Catano & Martin Langesfeld - Cornerstone International Realty
Mauricio Zapata from Chariff Realty Group represented the buyer, James Star, in this transaction. Hector Catano and Martin Langesfeld from Cornerstone International Realty served as the representatives for the seller, Paolo Cometto.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93