Douglas O'Donnell Acquires Opa Locka Warehouse For $3M
SOLD
Florida
See Similar DealsIndustrial22,287 SF
Sold 05/06/2022
SOLD
Douglas O'Donnell Acquires Opa Locka Warehouse For $3M
12900 Northwest 38th Avenue, Opa Locka, Florida 33054, United States
See Similar DealsIndustrial22,287 SF
Sold 05/06/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$134
Total Square Footage:22,287 SF
Transaction Type:Sale
A warehouse located at 12900 NW 38th Ave in Opa Locka, FL has been sold in a recent transaction. The property spans 22,287 square feet and was sold at a price of $3,000,000, resulting in a price per square foot of $134. The sale took place on 05/06/2022.
Summary of transation details
- Property Type: Warehouse
- Transaction Amount: $3,000,000
- Square Footage: 22,287
- Price per Square Foot: $134
- Address: 12900 NW 38th Ave, Opa Locka, FL
- Market: Opa Locka, FL
The buyer in this transaction is Douglas O'Donnell, while the seller is Rubin Rose. Both parties were represented by their respective brokers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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