Updated Oct 28, 2024
Vertical Cold Storage Acquires 10.7 Acre Industrial Property In Medley For $65.99M
11801 Northwest 102nd Road, Medley, Florida 33178, United States
$65,990,000
$240/SF
Building Size
274,383 SF
Asset Type
Industrial
Closing
May 9, 2022
About this deal
AI
The industrial property located at 11801 NW 102nd Road in Medley, with an area of 10.7 acres, was recently sold. The transaction took place on 05/10/2022.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $65,990,000
- Square Footage: 274,383
- Price per Square Foot: $241
- Address: 11801 NW 102nd Road, Medley
- Market: Medley
The buyer of the property was Vertical Cold Storage, represented by Curt Mastbergen. The seller was United States Cold Storage.
The industrial sale at 11801 Northwest 102nd Road, Medley, Florida 33178, United States in Medley, Florida sold for $66M in 2022. The building is 274,383 square feet, implying about 240 per square foot on the published price. This page is the Medley, Florida file for the 11801 Northwest 102nd Road, Medley, Florida 33178, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Medley sit in the Market section below. Filter that Medley industrial set by closing date to see what else sold near 11801 Northwest 102nd Road, Medley, Florida 33178, United States around 2022. Published consideration for 11801 Northwest 102nd Road, Medley, Florida 33178, United States is $66M, dated 2022. Cite this Vertical Cold Storage Acquires 10.7 Acre Industrial Property In Medley For $65.99M sale when underwriting similar industrial product around Medley, Florida.
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93