facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Development Site

/

Sale

/

12691 Northwest 42nd Avenue

Updated Jun 25, 2025

James O. Buckingham And Michael R. Haggerty Of TA Realty Acquire 43.8 Acre Development Site For $105.7M
SOLDDevelopment Site

James O. Buckingham And Michael R. Haggerty Of TA Realty Acquire 43.8 Acre Development Site For $105.7M

12691 Northwest 42nd Avenue

$105,700,000

Building Size

Asset Type

Development Site

Closing

Jun 25, 2025

About this deal

AI

This transaction involves the sale of a 43.8-acre industrial development site located at 12691 & 12705 Northwest 42nd Avenue in Opa-Locka. The seller, Blackstone, completed the sale to TA Realty for a total of $105,700,000. The site has been approved for a development of 741,837 square feet across six buildings.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $105,700,000
  • Buyer: James O. Buckingham & Michael R. Haggerty - TA Realty
  • Seller: Stephen A. Schwarzman - Blackstone
  • Approved Square Footage: 741,837
  • Market: Opa Locka
  • Price Per Square Foot: $142
  • Acreage: 43.8

The deal represents the second phase of the Ironwood Commerce Center, which follows TA Realty’s earlier acquisition of the first phase for $160,000,000 in December. The individuals involved in this transaction are significant players in the real estate sector, showcasing their ongoing investment in industrial development.

Players

James O. Buckingham

TA Realty

Buyer

$663M

vol

11 deals

Buyer

Opa Locka Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Deal FAQ

Visit Stephen A. Schwarzman to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets