Efraim Brody & Gitel Braude Acquire Warehouse/Industrial In Opa Locka, FL For $2.6M
SOLD
$2,623,650
Florida
See Similar DealsIndustrial
Sold 08/11/2022
SOLD
Efraim Brody & Gitel Braude Acquire Warehouse/Industrial In Opa Locka, FL For $2.6M
1020 Ali Baba Avenue, Opa Locka, Florida 33054, United States
See Similar DealsIndustrial
Sold 08/11/2022
Summary
FLORIDA
Asset Type:Industrial
Transaction Type:Sale
A warehouse/industrial property located at 1020 Ali Baba Ave & 1040 Ali Baba Ave in Opa Locka, FL has been sold for $2,623,650. The transaction took place on August 11, 2022. The property's characteristics include a total of # square footage and is situated in the market of Opa Locka, FL. The buyer of the property is Efraim Brody & Gitel Braude, while the seller is Fernando A. Nin Sr.
Summary of transaction details
- Property Type: Warehouse/Industrial
- Transaction Amount: $2,623,650
- Date: August 11, 2022
- Address: 1020 Ali Baba Ave & 1040 Ali Baba Ave, Opa Locka, FL
- Buyer: Efraim Brody & Gitel Braude
- Seller: Fernando A. Nin Sr
Efraim Brody & Gitel Braude, along with Fernando A. Nin Sr, represented themselves in the transaction as the buyer and seller, respectively.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$139,927.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,321.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,437.44
Annual Debt Service$149,249.27
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