Realterm Logistics Acquires Industrial Property In Opa-Locka For $26M
12725 NW 38th Ave, Opa-locka, FL 33054, USA
$26,000,000
$165/SF
Building Size
157,000 SF
Asset Type
Industrial
Closing
May 12, 2020
AI
Realterm Logistics has acquired an industrial property located at 12401, 12701, and 12725 NW 38 Ave in Opa-Locka. The property spans 157,000 square feet and was sold by Stephen M. Greene for a price of $26,000,000. The transaction had a price per square foot of $165.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $26,000,000
- Square Footage: 157,000
- Price Per Square Foot: $165
- Address: 12401, 12701, 12725 NW 38 Ave
- Market: Opa-Locka
The deal was facilitated by John Lonardo & Chris Spear of ComReal, acting as the brokers for both the buyer, Realterm Logistics, and the seller, Stephen M. Greene.
Players
Opa Locka Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93