Drew Dewitt & David Archibald Of East Capital Partners Secure $29.97M Refinance Loan In Miami
6801 Northwest 77th Avenue
$29,073,000
$159/SF
Building Size
182,575 SF
Asset Type
Industrial
Closing
Sep 29, 2025
AI
The property asset involved in the transaction is an industrial asset located at 6801 - 7500 Northwest 77th Avenue in the Miami market. It encompasses a total square footage of 183,945 and is associated with a refinance loan amount of $29,973,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $29,973,000
- Address: 6801 - 7500 Northwest 77th Avenue
- Market: Miami
- Landlord: Drew Dewitt & David Archibald - East Capital Partners
- Brokers: Melissa Rose, Jovi Rodriguez, Duncan Miller - JLL
- Loan Type: Refinance
Key individuals in this transaction include Drew Dewitt and David Archibald, representing the landlord, East Capital Partners. The brokers facilitating the transaction are Melissa Rose, Jovi Rodriguez, and Duncan Miller, all affiliated with JLL, ensuring a successful refinance process for the asset.
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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93