Douglas O'Donnell Acquires Manufacturing/Processing Facility In Opa Locka, FL For $6.4M
SOLD
Florida
See Similar DealsIndustrial54,900 SF
Sold 05/06/2022
SOLD
Douglas O'Donnell Acquires Manufacturing/Processing Facility In Opa Locka, FL For $6.4M
13000 Northwest 38th Avenue, Opa Locka, Florida 33054, United States
See Similar DealsIndustrial54,900 SF
Sold 05/06/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$117
Total Square Footage:54,900 SF
Transaction Type:Sale
A manufacturing/processing property located at 13000 NW 38th Ave in Opa Locka, FL has been sold. The transaction took place on 05/06/2022.
Summary of transation details
- Property Type: Manufacturing/Processing
- Transaction Amount: $6,440,500
- Address: 13000 NW 38th Ave, Opa Locka, FL
- Market: Opa Locka, FL
- Buyer: Douglas O'Donnell
- Seller: Jason Rubin
- Square Footage: 54,900
- Price per Square Foot: $117
Douglas O'Donnell acted as the buyer in this transaction, while Jason Rubin was the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$343,493.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,881.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,531.26
Annual Debt Service$366,375.07
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