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4310 NW 215th St, Miami Gar...

Bridge Industrial - Kevin Carroll Secures $117.5M Fixed-Rate Loan From Hartford Investment Management For Miami Gardens Industrial Property
FINANCEDIndustrial

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

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

Steve Roth

CBRE

Broker

$2.8B

vol

20 deals

Broker
Bridge Industrial
Bridge IndustrialBrokerage
Hartford Investment Management
Hartford Investment ManagementLender
Kevin Carroll

Kevin Carroll

Bridge Industrial

Landlord

$311.1M

vol

5 deals

Landlord

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