FINANCEDIndustrial
Ladder Capital Provides $7.4M Acquisition Loan For Industrial Property In Miami
6721 Northwest 36th Street
$7,400,000
$124/SF
Building Size
59,346 SF
Asset Type
Industrial
Closing
Jul 13, 2020
AI
The industrial property located at 6721 & 6865 NW 36th Ave in Miami has been involved in a recent transaction. The property, owned by The O'Donnel Group, was acquired through an acquisition loan.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,400,000
- Address: 6721 & 6865 NW 36th Ave, Miami
- Market: Miami
The loan for the acquisition was provided by Ladder Capital. Cooper Horowitz, represented by Ryan Horowitz, acted as the broker in this deal.
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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93