Updated Oct 29, 2024
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
About this deal
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
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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