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13015 Northwest 45th Avenue...

Brett Mufson Acquires Opa Locka Warehouse For $4.9M
SOLDIndustrial

Brett Mufson Acquires Opa Locka Warehouse For $4.9M

13015 Northwest 45th Avenue, Opa Locka, Florida 33054, United States

$4,900,000

$143/SF

Building Size

34,190 SF

Asset Type

Industrial

Closing

Mar 30, 2022

AI

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.

Players

Brett Mufson

Fontainebleau Development

Buyer

$600.1M

vol

5 deals

Buyer

Opa Locka Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.24%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93