Brett Mufson Acquires Opa Locka Warehouse For $4.9M
SOLD
$4,900,000
Florida
See Similar DealsIndustrial34,190 SF
Sold 03/31/2022
SOLD
Brett Mufson Acquires Opa Locka Warehouse For $4.9M
13015 Northwest 45th Avenue, Opa Locka, Florida 33054, United States
See Similar DealsIndustrial34,190 SF
Sold 03/31/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$143
Total Square Footage:34,190 SF
Transaction Type:Sale
The warehouse located at 13015 NW 45th Ave in Opa Locka, FL, has been sold in a recent transaction. The property spans across an area of 34,190 square feet. The sale took place on March 31, 2022, and the buyer of the warehouse is Brett Mufson, while the seller is Miguel Ortega. The transaction was completed for a total price of $4,900,000, resulting in a price per square foot of $143.
Summary of transation details
- Property Type: Warehouse
- Transaction Amount: $4,900,000
- Square Footage: 34,190
- Price per Square Foot: $143
- Buyer: Brett Mufson
- Seller: Miguel Ortega
This sale transaction showcases the active involvement of Brett Mufson as the buyer and Miguel Ortega as the seller. They were the key individuals responsible for successfully completing the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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