Alex Leiter Acquires Industrial Property In Miami For $2M
2389 Southwest 22nd Street, Miami, FL, USA
$2,000,000
$248/SF
Building Size
8,045 SF
Asset Type
Retail
Closing
Feb 28, 2021
About this deal
AI
An industrial property located at 2389 SW 22 Street in Miami was recently sold for a sale price of $2,000,000. The property spans approximately 8,045 square feet with a price per square foot of $249. Miguel Pinto captured an image of the property, which was shared on Instagram on March 1, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,000,000
- Address: 2389 SW 22 Street, Miami
- Market: Miami
Alex Leiter acted as the buyer in this transaction, while Arlene Edelsman Landsman was the seller. Miguel Pinto, representing Apex Capital Realty, assisted the buyer. On the other side, Jonatan De La Rosa represented the seller through Marcus & Millichap.
On the Map
$2,000,000
$248/SF
Retail
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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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93