John Begier & Timothy E. Mckenna Acquire Miami Warehouse From Ryan E. Mahoney For $17.5M
SOLD
Florida
See Similar DealsIndustrial22,356 SF
Sold 05/06/2022
SOLD
John Begier & Timothy E. Mckenna Acquire Miami Warehouse From Ryan E. Mahoney For $17.5M
10900 Southwest 138th Street, Miami, Florida 33176, United States
See Similar DealsIndustrial22,356 SF
Sold 05/06/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$782
Total Square Footage:22,356 SF
Transaction Type:Sale
The warehouse located at 10900 NW 138th St in Miami, FL has been sold in a recent transaction. The property spans 22,356 square feet, with each square foot valued at $782. The sale took place on 05/06/2022 for a total price of $17,500,000.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $17,500,000
- Address: 10900 NW 138th St, Miami, FL
- Square Footage: 22,356
- Price per Square Foot: $782
- Buyer: John Begier & Timothy E. Mckenna
- Seller: Ryan E. Mahoney
John Begier & Timothy E. Mckenna acted as the buyers in this transaction, while Ryan E. Mahoney was the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14
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