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13001 Northwest 38th Avenue...

Updated Dec 19, 2023

Douglas O'Donnell Purchases Warehouse In Opa Locka, FL For $7.65M
SOLDIndustrial

Douglas O'Donnell Purchases Warehouse In Opa Locka, FL For $7.65M

13001 Northwest 38th Avenue, Opa Locka, Florida 33054, United States

$7,650,000

$137/SF

Building Size

55,696 SF

Asset Type

Industrial

Closing

May 5, 2022

About this deal

AI

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.

The industrial sale at 13001 Northwest 38th Avenue, Opa Locka, Florida 33054, United States in Opa-locka, Florida sold for $7.7M in 2022. The building is 55,696 square feet, implying about 137 per square foot on the published price. Named participants on the 13001 Northwest 38th Avenue, Opa Locka, Florida 33054, United States sale are Jason Rubin, Douglas O'Donnell. This page is the Opa-locka, Florida file for the 13001 Northwest 38th Avenue, Opa Locka, Florida 33054, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Opa-locka sit in the Market section below. Filter that Opa-locka industrial set by closing date to see what else sold near 13001 Northwest 38th Avenue, Opa Locka, Florida 33054, United States around 2022. Published consideration for 13001 Northwest 38th Avenue, Opa Locka, Florida 33054, United States is $7.7M, dated 2022. Cite this Douglas O'Donnell Purchases Warehouse In Opa Locka, FL For $7.65M sale when underwriting similar industrial product around Opa-locka, Florida.

On the Map

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$7,650,000

$137/SF

Industrial

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Players

Douglas O'Donnell

Buyer

$17.1M

vol

3 deals

Buyer

Jason Rubin

Seller

$58.2M

vol

9 deals

Seller
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Opa-locka Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $137 per square foot on a published $7.7M for 55,696 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.07%

Cash-on-Cash

-0.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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