Douglas Tymins Of Corebridge Real Estate Investors Acquires Industrial Property From Dwight Angelini For $43.5M
1400 Northwest 159th Street
$43,500,000
$196/SF
Building Size
221,471 SF
Asset Type
Industrial
Closing
Mar 28, 2025
AI
The property asset involved in this transaction is an industrial facility located at 1400 Northwest 159th Street, Miami Gardens. The transaction was completed for a total price of $43,500,000.00, encompassing a total square footage of 221,471.0 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $43,500,000.00
- Address: 1400 Northwest 159th Street
- Market: Miami Gardens
- Square Footage: 221,471.0
- Buyer: Douglas Tymins - Corebridge Real Estate Investors
- Seller: Dwight Angelini - Longpoint Partners
- Brokers: Jose Lobon - CBRE, Trey Barry - CBRE
This transaction highlights the involvement of key individuals such as buyer Douglas Tymins representing Corebridge Real Estate Investors, and seller Dwight Angelini representing Longpoint Partners. Both broker representatives, Jose Lobon and Trey Barry, are affiliated with CBRE and facilitated the deal.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93