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
About this deal
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.
The commercial sale at 346 NW 29th St, Miami, FL, USA in Miami, Florida sold for $50M in 2021. The building is 85,000 square feet, implying about 588 per square foot on the published price. Named participants on the 346 NW 29th St, Miami, FL, USA sale are Steven Guttman, Steve Novenstein. This page is the Miami, Florida file for the 346 NW 29th St, Miami, FL, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Miami sit in the Market section below. Filter that Miami commercial set by closing date to see what else sold near 346 NW 29th St, Miami, FL, USA around 2021. Published consideration for 346 NW 29th St, Miami, FL, USA is $50M, dated 2021. Cite this UOVO Acquires Storage Facility In Miami For $50M sale when underwriting similar commercial product around Miami, Florida.
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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