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
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.
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