Updated Sep 5, 2024
Baran Gokce Acquires Industrial Property In Medley For $7.35M
12860 NW South River Dr Medley, FL 33178, USA
$7,350,000
$257/SF
Building Size
28,544 SF
Asset Type
Industrial
Closing
Jun 1, 2023
About this deal
AI
The industrial property located at 12860 Northwest South River Drive in Medley has been sold for a price of $7,350,000. The property spans an area of 28,544 square feet, resulting in a price per square foot of $257.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,350,000
- Address: 12860 Northwest South River Drive
- Market: Medley
- Buyer: Baran Gokce
- Seller: Victor C. Fung
- Brokers: Benjamin (Ben) Silver & Sebastian Misiewicz - CBRE
The deal was facilitated by Benjamin (Ben) Silver and Sebastian Misiewicz from CBRE. They represented the buyer and seller in this transaction.
On the Map
$7,350,000
$257/SF
Industrial
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Players
Miami 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
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93