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13399 Northwest 113th Avenu...

Updated Oct 28, 2024

Seagis Property Group Acquires Industrial Property In Medley For $14.75M
SOLDIndustrial

Seagis Property Group Acquires Industrial Property In Medley For $14.75M

13399 Northwest 113th Avenue Road, Medley, Florida 33178, United States

$14,750,000

$1,049/SF

Building Size

14,056 SF

Asset Type

Industrial

Closing

Apr 11, 2022

About this deal

AI

The industrial property at 13399 NW 113th Avenue Rd in Medley has been sold for a total of $14,750,000. The property spans 6.36 acres and has a total area of 14,056 square feet. The price per square foot is $1,049, while the land area price per square foot is $54.79. The transaction took place on 04/12/2022. The buyer of the property is Seagis Property Group, while the seller is RCR Investment Group, represented by Mario Abad. The brokers involved in the deal are Jose Sasson and Roberto Susi from Axiom Capital Advisors.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $14,750,000
  • Address: 13399 NW 113th Avenue Rd
  • Market: Medley
  • Total Area: 14,056 SF
  • Price per Square Foot: $1,049
  • Land Area: 6.36 acres
  • Price per Land Square Foot: $54.79

The deal was facilitated by Jose Sasson and Roberto Susi from Axiom Capital Advisors, representing the buyer and seller respectively. This transaction showcases the involvement of Seagis Property Group as the buyer, RCR Investment Group - Mario Abad as the seller, and the professional expertise of Jose Sasson and Roberto Susi from Axiom Capital Advisors.

Players

Jose Sasson Lerner

AXIOM Capital Advisors

Broker

$943.7M

vol

83 deals

Broker
Seagis Property Group
Seagis Property GroupBuyer

Medley Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $1K per square foot on a published $14.8M for 14,056 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.08%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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