Marcus & Millichap Brokers $8.6M Sale Of Industrial Property Near Miami Executive Airport
14118 Southwest 139th Court
$8,600,000
$249/SF
Building Size
34,540 SF
Asset Type
Industrial
Closing
Apr 28, 2025
AI
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.
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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93