SOLD
UOVO Acquires Storage Facility In Miami For $50M
346 NW 29th St, Miami, FL, USA
$50,000,000
$588/SF
Building Size
85,000 SF
Asset Type
—
Closing
Apr 27, 2021
AI
A storage facility located at 346 NW 29th St in Miami has been sold for a price of $50,000,000. The property spans 85,000 square feet, resulting in a price per square foot of $588.
Summary of transaction details
- Property Type: Storage Facility
- Transaction Amount: $50,000,000
- Address: 346 NW 29th St
- Market: Miami
- Square Footage: 85,000
- Price Per Square Foot: $588
The buyer of the storage facility is UOVO represented by Steven Guttman & Steve Novenstein.
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93