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Seagis Property Group Acquires Miami Industrial Property For $23.7M

Property Image
SOLD
$23,700,000
Erin Byers
Steven Wasserman
BL

Florida

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Industrial11,510 SF
Sold 05/10/2022
the dealplayerscompscontact
Property Image
SOLD

Seagis Property Group Acquires Miami Industrial Property For $23.7M

11100 Northwest 112th Court, Medley, Florida 33178, United States

See Similar Deals
Industrial11,510 SF
Sold 05/10/2022
Erin Byers
Steven Wasserman
BL
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$2,059
Total Square Footage:11,510 SF
Transaction Type:Sale

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

Steven Wasserman
Colliers
Steven Wasserman
6 deals$76.6M volume
BROKER
Erin Byers
Colliers
Erin Byers
2 deals$23.7M volume
BROKER
BL
Seagis Property Group
Bradlee Lord
3 deals$91.1M volume
BUYER
C
Cemex
SELLER

Details

SOLD
IMAGE: Fernando Gonzalez, Steve Wasserman & Erin Byers DATE: 05/10/2022 ADDRESS: 11100 Northwest 112th Court & 10900 Northwest 138th Street MARKET: Miami ASSET TYPE: Industrial ~ ACRES: 9.4 BUYER: Seagis Property Group - Bradlee Lord SELLER: Cemex (@Cemex) - Fernando Gonzalez BROKERS: Steve Wasserman & Erin Byers - Colliers (@ColliersInternational) SALE PRICE: $23,700,000 SF: 141,660 ~ PPSF: $167

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,264,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$84,201.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$112,350.09
Annual Debt Service$1,348,201.09