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7626 NW 7 Ave

Tonco Partners Acquires Industrial Property In Little River For $1.7M
SOLDIndustrial

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

Max Tonconogy

Tonco Partners

Buyer

$5.6M

vol

3 deals

Buyer

Winston Persaud

WAAM Investment Corp

Seller

$3.4M

vol

2 deals

Seller

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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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