Tonco Partners Acquires Industrial Property In Little River For $1.7M
7626 NW 7 Ave
$1,700,000
$304/SF
Building Size
5,577 SF
Asset Type
Industrial
Closing
Oct 10, 2022
AI
The industrial property located at 7626 NW 7 Ave in Little River has been sold for $1,700,000. The property spans a total area of 5,577 square feet, resulting in a price per square foot of $305.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,700,000
- Address: 7626 NW 7 Ave
- Market: Little River
Tonco Partners, represented by Max Tonconogy, purchased the property from WAAM Investment Corp, represented by Winston Persaud. Mateo Romero from Gridline Properties acted as the buyer's representative for Tonco Partners, while Pablo Rodriguez, also from Gridline Properties, represented WAAM Investment Corp as the seller's representative.
Note: No additional information is available about the property or the individuals involved in the transaction.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93