Bridge Industrial - Kevin Carroll Secures $117.5M Fixed-Rate Loan From Hartford Investment Management For Miami Gardens Industrial Property
4310 NW 215th St, Miami Gardens, Florida 33055, United States
$117,500,000
$73/SF
Building Size
1,600,000 SF
Asset Type
Industrial
Closing
Dec 20, 2021
AI
An industrial property located at 4310 NW 215th Street in Miami Gardens has been involved in a recent transaction. The property spans approximately 1,100,000 square feet and falls in the industrial asset category. The transaction took place on 12/20/2021.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $117,500,000
- Lender: Hartford Investment Management
- Landlord: Bridge Industrial - Kevin Carroll
- Broker: Steve Roth - CBRE
The loan for this transaction was provided by Hartford Investment Management. Steve Roth, representing CBRE, acted as the broker in this deal. The fixed-rate loan amount was $117,500,000.
Players
Miramar 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93