Updated Oct 28, 2024
Seagis Property Group Acquires Industrial Property In Medley For $7.9M
12800 Northwest 113th Court, Miami, FL 33178
$7,875,000
$45/SF
Building Size
172,900 SF
Asset Type
Industrial
Closing
May 16, 2021
About this deal
AI
The industrial property located at 12800 NW 113th Court in Medley was recently sold for a total of $7,875,000. The transaction took place on May 17, 2021. The property spans a total of 172,900 square feet, resulting in a price per square foot of $46. The seller in this deal was Land Quest Enterprises, while the buyer was SPG 12800 NW 113th Court - Seagis Property Group.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,875,000
- Address: 12800 NW 113th Court, Medley
- Market: Medley
The buyer was represented by Jose Sasson-Lerner & Roberto Susi from Axiom Capital Advisors. They played a crucial role in facilitating the transaction. The sale of this industrial property marks an important deal within the Medley market, further enhancing the portfolio of SPG 12800 NW 113th Court - Seagis Property Group.
Players
Medley Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Jose Sasson Lerner to view all their deals.
Browse Medley industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.01%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93