Secures $9.9M Refinance Loan For Industrial Property In Miami
3353 Northwest 74th Avenue
$9,900,000
$99/SF
Building Size
99,735 SF
Asset Type
Industrial
Closing
Dec 28, 2023
AI
The industrial property located at 3353 Northwest 74th Avenue in Miami, FL has been involved in a recent loan transaction. The property spans approximately 99,735 square feet and is owned by .
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,900,000
- Address: 3353 Northwest 74th Avenue, Miami, FL
- Market: Miami, FL
The loan, amounting to $9,900,000, was secured from Bethpage Federal Credit Union for the purpose of refinancing. The brokers involved in the deal were Isaac Filler, Yossi Koschitzki, and Michael Neumann from Filler Capital.
For bespoke debt solutions, interested parties can reach out to Isaac, Yossi, and Michael at [email protected], [email protected], and [email protected], respectively.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93