Updated Oct 29, 2024
CBRE Represents Alex Lipworth In $11.4M Industrial Sale In Opa Locka
13185 Northwest 47th Avenue
$11,400,000
$110/SF
Building Size
103,000 SF
Asset Type
Industrial
Closing
Aug 17, 2020
About this deal
AI
An industrial property located at 13185 Northwest 47th Avenue, 13050 Northwest 47th Avenue, and 4700 Northwest 47th Avenue in Opa Locka has been sold for a total of $11,400,000. The property spans approximately 103,000 square feet, resulting in a price per square foot of $111.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,400,000
- Address: 13185 Northwest 47th Avenue, 13050 Northwest 47th Avenue, and 4700 Northwest 47th Avenue
- Market: Opa Locka
The seller of the property is Alex Lipworth, representing Invincible Boat Co. The sale was facilitated by the brokers Jake Zebede, Larry Genet, and Tom O’Loughlin from CBRE.
On the Map
$11,400,000
$110/SF
Industrial
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Players
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
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93