Updated Oct 28, 2024
Tonco Partners Acquires Industrial Asset In Little River For $3.25M
7700 Northwest 7th Avenue, Miami, Florida 33127, United States
$3,250,999
$658/SF
Building Size
4,935 SF
Asset Type
Single Family Residence
Closing
Jun 30, 2022
About this deal
AI
The industrial property located at 7700 NW 7th Ave in Little River was recently sold in a transaction on 07/01/2022. The property spans approximately 4,930 square feet and was sold for a total of $3,250,999, resulting in a price per square foot of $659. The buyer, Tonco Partners, acquired the property from the seller, Nicholas Brocherie.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,250,999
- Date: 07/01/2022
- Address: 7700 NW 7th Ave
- Market: Little River
The buyer was represented by Mateo Romero from Gridline Properties, while the seller was represented by Jonathan Eismann and Emilia Howard, also from Gridline Properties.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93