Associated Bank Lends $28.2M For Industrial Property In Kendall
13241 Southwest 136th Street, Miami, FL, USA
$28,200,000
$430/SF
Building Size
65,536 SF
Asset Type
Industrial
Closing
Mar 8, 2021
AI
A three-year term loan in the amount of $28,200,000 has been secured for the industrial property located at 13241 Southwest 136th Street in the Kendall market. The property spans 65,536 square feet and sits on a 10-acre lot.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $28,200,000
- Address: 13241 Southwest 136th Street
- Market: Kendall
- Square Footage: 65,536 SF
- Lot Size: 10 acres
The loan was provided by Associated Bank. The landlord for the property is Ryan Cos., represented by Brian Murray and Lisa Kro.
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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93