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13185 Northwest 47th Avenue

CBRE Represents Alex Lipworth In $11.4M Industrial Sale In Opa Locka
SOLDIndustrial

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

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.

Players

Larry Genet

CBRE

Broker

$436M

vol

57 deals

Broker
Jake Zebede
Verified Badge

Jake Zebede

Trustone Realty Advisors

Broker

$333.7M

vol

16 deals

Broker

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