Link Logistics Acquires 115.7 Acres Of Land In Miami Gardens For $291M
SOLD
$291,000,000
Florida
See Similar Deals100,000 SF
Sold 11/23/2021
SOLD
Link Logistics Acquires 115.7 Acres Of Land In Miami Gardens For $291M
21001 Northwest 27th Avenue
See Similar Deals100,000 SF
Sold 11/23/2021
Summary
FLORIDA
Price Per Square Foot:$2,910
Total Square Footage:100,000 SF
Transaction Type:Sale
The sale of a land property has taken place in Miami Gardens. The property, located at 21001 NW 27th Avenue alderCasino, spans approximately 115.7 acres. The transaction was completed on 11/23/2021.
Summary of transation details
- Property Type: Land
- Transaction Amount: $291,000,000 (approx.)
- Market: Miami Gardens
- Buyer: Link Logistics
- Seller: Churchill Downs Incorporated - William C. Carstanjen
William C. Carstanjen captured an image of the property, showcasing its features. The sale of the land asset was brokered by Link Logistics and represented by Churchill Downs Incorporated - William C. Carstanjen. No additional details are available about the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$15,520,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,033,861.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,379,488.46
Annual Debt Service$16,553,861.54
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