John Begier & Timothy E. Mckenna Acquire Miami Warehouse From Ryan E. Mahoney For $17.5M
10900 Southwest 138th Street, Miami, Florida 33176, United States
$17,500,000
$782/SF
Building Size
22,356 SF
Asset Type
Industrial
Closing
May 5, 2022
AI
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.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93