Realterm Logistics Acquires Industrial Property In Opa-Locka For $26M
SOLD
$26,000,000
Florida
See Similar DealsIndustrial157,000 SF
Sold 05/13/2020
SOLD
Realterm Logistics Acquires Industrial Property In Opa-Locka For $26M
12725 NW 38th Ave, Opa-locka, FL 33054, USA
See Similar DealsIndustrial157,000 SF
Sold 05/13/2020
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$165
Total Square Footage:157,000 SF
Transaction Type:Sale
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
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,253.26
Annual Debt Service$1,479,039.17
Is there something missing? Send suggestions