Updated Oct 28, 2024
Seagis Property Group Acquires Miami Industrial Property For $23.7M
11100 Northwest 112th Court, Medley, Florida 33178, United States
$23,700,000
$2,059/SF
Building Size
11,510 SF
Asset Type
Industrial
Closing
May 9, 2022
About this deal
AI
The industrial property located at 11100 Northwest 112th Court & 10900 Northwest 138th Street in Miami was recently sold for a total of $23,700,000. The property spans across 9.4 acres and offers 141,660 square feet of space. The sale price per square foot was $167.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $23,700,000
- Address: 11100 Northwest 112th Court & 10900 Northwest 138th Street, Miami
- Market: Miami
- Acres: 9.4
The buyer in this transaction was Seagis Property Group, represented by Bradlee Lord. The seller was Cemex, with Fernando Gonzalez as their representative. The sale was facilitated by brokers Steve Wasserman and Erin Byers from Colliers.
Players
Medley 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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93