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CIT Bank Provides $14.1M Loan For Industrial Property In Miami

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FINANCED
$14,100,000
Rebecca Van Reken
Michael Weinberg
Alec Fox

Florida

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Industrial145,331 SF
Financed 07/06/2020
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Property Image
FINANCED

CIT Bank Provides $14.1M Loan For Industrial Property In Miami

9300 Northwest 13th Street, Doral, FL 33172, USA

See Similar Deals
Industrial145,331 SF
Financed 07/06/2020
Rebecca Van Reken
Michael Weinberg
Alec Fox
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$97
Total Square Footage:145,331 SF
Transaction Type:Loan

An industrial property located at 9300 NW 13th St. in Miami has been involved in a closed transaction. The property spans 145,331 square feet and sits on 8.3 acres of land.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $14,100,000
  • Address: 9300 NW 13th St.
  • Market: Miami
  • Square Footage: 145,331
  • Acres: 8.3

The lender involved in this transaction is CIT Bank. The seller of the property is Ernesto Fabre of Fabre Design Group and Americas International Center. The deal was brokered by Michael Weinberg, Rebecca Van Reken, and Alec Fox of Berkadia.

Players

Michael Weinberg
Berkadia
Michael Weinberg
21 deals$933.1M volume
BROKER
Rebecca Van Reken
Berkadia
Rebecca Van Reken
7 deals$406.4M volume
BROKER
Alec Fox
Berkadia
Alec Fox
27 deals$1.9B volume
BROKER
CIT Bank
CIT Bank
LENDER

Details

FINANCED
IMAGE: Alec Fox, Michael Weinberg & Rebecca Van Reken DATE: 07/06/2021 ADDRESS: 9300 NW 13th St. MARKET: Miami ASSET TYPE: Industrial LENDER: CIT Bank SELLER: Ernesto Fabre - Fabre Design Group and Americas International Center BROKERS: Michael Weinberg, Rebecca Van Reken & Alec Fox - Berkadia LOAN PRICE: $14,100,000 SF: 145,331 ACRES: 8.3

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$14,100,000.00

Monthly NOI$94,000.00
Monthly Debt Service$89,121.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00