Updated Dec 2, 2024
Quadreal Finance Provides $21.9M Construction Loan For Industrial Property In Miami
12590 Northwest 17th Avenue, Miami, Florida 33142, United States
$21,890,000
$155/SF
Building Size
141,067 SF
Asset Type
Industrial
Closing
Mar 22, 2022
About this deal
AI
The industrial property located at 12590 NW 17th St. in Miami has been involved in a closed transaction. The property spans a total of 141,067 square feet and sits on 7.46 acres of land. It was sold under a construction loan.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $21,890,000
- Date: 03/23/2022
- Market: Miami
- Lender: quadreal''>Quadreal Finance - Dennis Lopez
- Landlord: Brookfield Property Group
The construction loan for the property was provided by Quadreal Finance, represented by Dennis Lopez. The landlord for the transaction is Brookfield Property Group.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93