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1100 Northwest 163rd Drive,...

1100 NW 163rd Dr In Miami Sold For $3.2M By Aina Holdings To 1100 BM Investments
SOLDIndustrial

1100 NW 163rd Dr In Miami Sold For $3.2M By Aina Holdings To 1100 BM Investments

1100 Northwest 163rd Drive, Miami, FL 33169, USA

$3,200,000

$137/SF

Building Size

23,331 SF

Asset Type

Industrial

Closing

Jun 25, 2020

AI

An industrial property located at 1100 NW 163rd Dr in Miami has been sold in a recent transaction. The property spans across an area of 23,331 square feet and has been sold for a price of $3,200,000, with a price per square foot of $137. The sale took place on June 25, 2021, involving the buyer, 1100 BM Investments, and the seller, Aina Holdings.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,200,000
  • Address: 1100 NW 163rd Dr, Miami
  • Date: June 25, 2021
  • Market: Miami

The deal was facilitated by the brokers involved in the transaction. Edison Vasquez, Patrick McBride, Chris Spear, and Michaela Senior represented the buyer and seller in the sale of the industrial property.

Players

Chris Spear

ComReal

Broker

$136.2M

vol

11 deals

Broker

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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93