Updated Dec 5, 2024
Ivy Realty Acquires Industrial Property In Miami Lakes For $17.5M
13900 Northwest 57th Court, Miami Lakes, FL, USA
$17,500,000
$130/SF
Building Size
134,619 SF
Asset Type
Industrial
Closing
Jan 27, 2021
About this deal
AI
The industrial property located at 13900 NW 57th Court in Miami Lakes has been sold. The transaction was completed on January 28, 2021. The property, spanning 134,619 square feet, was acquired for a total price of $17,500,000, resulting in a price per square foot of $130. The buyer, Ivy Realty, was represented by Russell Warren and Anthony DiTommaso. On the other hand, the seller, USpharma, was represented by Manesh Dixit.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $17,500,000
- Address: 13900 NW 57th Court, Miami Lakes
- Market: Miami Lakes
- Buyer: Ivy Realty - Russell Warren & Anthony DiTommaso
- Seller: USpharma - Manesh Dixit
The sale of this industrial property in Miami Lakes involved key individuals and companies. Ivy Realty, represented by Russell Warren and Anthony DiTommaso, acted as the buyer. USpharma, represented by Manesh Dixit, served as the seller in the transaction.
Players
Hialeah 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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93