CBRE Acquires Industrial Property In West Kendall, Miami For $34.7M
13320 Southwest 132nd Avenue, Miami, Florida 33186, United States
$34,690,000
$413/SF
Building Size
83,842 SF
Asset Type
Industrial
Closing
Jan 21, 2022
AI
An industrial property located at 13320 SW 132nd Ave in West Kendall, Miami, was recently sold for a price of $34,690,000. The property spans across 5 acres and offers a total square footage of 83,842. The sale price per square foot was approximately $414.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $34,690,000
- Address: 13320 SW 132nd Ave
- Market: West Kendall, Miami
- Acres: 5
The buyer in this transaction was CBRE, while the seller was Ryan Cos., represented by Brian Murray. Brian Murray, from Ryan Cos., acted as the seller's representative in this deal.
Players
Miami 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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93