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Marcus & Millichap Brokers $8.6M Sale Of Industrial Property Near Miami Executive Airport
SOLD
$8,600,000
Florida
See Similar DealsIndustrial34,540 SF
Sold 04/28/2025
SOLD
Marcus & Millichap Brokers $8.6M Sale Of Industrial Property Near Miami Executive Airport
14118 Southwest 139th Court
See Similar DealsIndustrial34,540 SF
Sold 04/28/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$249
Total Square Footage:34,540 SF
Transaction Type:Sale
The property involved in this transaction is the Tamiair Building, located at 14080-14118 Southwest 139th Court in Miami. This industrial asset spans 34,540 square feet on 1.88 acres of land. The sale price of the property was $8,600,000, which translates to a price per square foot of $249.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,600,000
- Address: 14080-14118 Southwest 139th Court, Miami
- Square Footage: 34,540
- Acres: 1.88
- Price per Square Foot: $249
- Brokers: Alex Zylberglait & Michael Crocchiola - Marcus & Millichap
This sale was brokered by Alex Zylberglait and Michael Crocchiola of Marcus & Millichap. The property attracted strong competition, partially due to its strategic location near Miami Executive Airport and the limited supply of small-bay industrial spaces in the market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$458,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,553.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,768.39
Annual Debt Service$489,220.65
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