Douglas O'Donnell Purchases Warehouse In Opa Locka, FL For $7.65M
SOLD
Florida
See Similar DealsIndustrial55,696 SF
Sold 05/06/2022
SOLD
Douglas O'Donnell Purchases Warehouse In Opa Locka, FL For $7.65M
13001 Northwest 38th Avenue, Opa Locka, Florida 33054, United States
See Similar DealsIndustrial55,696 SF
Sold 05/06/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$137
Total Square Footage:55,696 SF
Transaction Type:Sale
The warehouse located at 13001 NW 38th Ave in Opa Locka, FL, has been sold for a price of $7,650,000. The property spans an area of 55,696 square feet, resulting in a price per square foot of $137.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $7,650,000
- Address: 13001 NW 38th Ave, Opa Locka, FL
- Market: Opa Locka, FL
The buyer of the property is Douglas O'Donnell, while the seller is Jason Rubin.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$408,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,178.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,264.90
Annual Debt Service$435,178.83
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