Updated Dec 4, 2024
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
About this deal
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