Updated Oct 28, 2024
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
About this deal
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.
The industrial loan at 6721 Northwest 36th Street in Miami, Florida financed for $7.4M in 2020. The building is 59,346 square feet, implying about 124 per square foot on the published price. Ryan Horowitz, Tom O'Loughlin, Larry Genet, Jake Zebede appear on the loan alongside Cooper Horowitz, CBRE, Trustone Realty Advisors. This page is the Miami, Florida file for the 6721 Northwest 36th Street industrial financed: pricing, party profiles, and other closed industrial comps from the same Miami sit in the Market section below. Filter that Miami industrial set by closing date to see what else financed near 6721 Northwest 36th Street around 2020. Published consideration for 6721 Northwest 36th Street is $7.4M, dated 2020. Cite this Ladder Capital Provides $7.4M Acquisition Loan For Industrial Property In Miami loan when underwriting similar industrial product around Miami, Florida.
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