Mauricio Luna Acquires Miami Industrial Property For $4.3M With Marcus & Millichap's Eddie Toledo & Jonathan De LaRosa
6901 Northwest 46th Street
$4,300,000
$175/SF
Building Size
24,500 SF
Asset Type
Retail
Closing
Apr 18, 2023
About this deal
AI
The industrial property located at 6901 Northwest 46th Street in Miami has been sold in a closed transaction. The property spans a total of 24,500 square feet and was sold for a price of $4,300,000, resulting in a price per square foot of $176. The transaction took place on April 18, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,300,000
- Square Footage: 24,500
- Address: 6901 Northwest 46th Street, Miami
The buyer of the property is Mauricio Luna, while the seller is Peter Alvarez. The deal was facilitated by Eduardo "Eddie" Toledo and Jonathan De LaRosa from Marcus & Millichap. They represented their respective clients in the transaction, acting as brokers.
Players
Market 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93