facebook
Traded Co logo
Submit

Old Dominion Freight Line Acquires Industrial Property From Seagis Property Group For $16.5M

Property Image
SOLD
$16,500,000

Florida

See Similar Deals
Industrial21,707 SF
Sold 09/23/2024
the dealplayerscompscontact
Property Image
SOLD

Old Dominion Freight Line Acquires Industrial Property From Seagis Property Group For $16.5M

12800 Northwest 113th Court

See Similar Deals
Industrial21,707 SF
Sold 09/23/2024
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$760
Total Square Footage:21,707 SF
Transaction Type:Sale

The property involved in this transaction is an industrial asset located at 12800 Northwest 113th Court in Medley. The sale was completed for a total value of $16,500,000. The property encompasses a total square footage of 21,707, with a price per square foot of $760.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $16,500,000
  • Address: 12800 Northwest 113th Court
  • Market: Medley
  • Seller: Seagis Property Group
  • Buyer: Old Dominion Freight Line
  • Broker: Patrick McBride - ComReal

Will McFarlin with Burr Tempkin represented the Buyer in this transaction. The ComReal Industrial Team has extensive experience, assisting business owners and investors in the South Florida market for over 40 years, showcasing their established relationships in the industry.

Players

Patrick McBride
ComReal
Patrick McBride
9 deals$88.9M volume
BROKER

Details

SOLD
IMAGE: Patrick McBride DATE: 09/23/2024 ADDRESS: 12800 Northwest 113th Court MARKET: Medley ASSET TYPE: Industrial BUYER: Old Dominion Freight Line SELLER: Seagis Property Group BROKER: Patrick McBride - ComReal (@ComRealInternational) SALE PRICE: $16,500,000 SF: 21,707 ~ PPSF: $760 NOTE FROM BROKER: Thank you to Will McFarlin with Burr Tempkin for representing the Buyer. The ComReal Industrial Team has been assisting business owners and investors sell and acquire industrial assets in South Florida for over 40 years. With 5 SIORs on the team, our customers benefit from the experience and relationships that we have created and nurtured to achieve successful outcomes.

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$880,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01