Updated Oct 28, 2024
Alterra Property Group Acquires Industrial Property In Medley For $16.4M
11800 Northwest South River Drive, Medley, FL 33178, USA
$16,400,000
$54/SF
Building Size
302,001 SF
Asset Type
Industrial
Closing
Nov 12, 2021
About this deal
AI
Alterra Property Group has recently acquired an industrial property in Medley, located at 11800 NW S River Dr. The property spans across 7 acres and was sold by JC Alvarez. The transaction took place on 11/12/2021, with a sale price of $16,400,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $16,400,000
- Address: 11800 NW S River Dr
- Market: Medley
- Acres: 7
Representing Alterra Property Group, Roberto Susi from Axiom Capital Advisors acted as the buyer's representative. JC Alvarez was represented by Nelson Varona from Your Commercial Realty Group as the seller's representative.
On the Map
$16,400,000
$54/SF
Industrial
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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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93