Rodan Property Management Acquires Miami Industrial Property From Peter Greither For $12.25M
14121 Southwest 119th Avenue, Miami, FL, USA
$12,250,000
$100/SF
Building Size
121,500 SF
Asset Type
Industrial
Closing
Mar 20, 2019
AI
The industrial property located at 14121-14267 Southwest 119th Avenue in Miami has been sold for a total price of $12,250,000. The transaction took place on March 21, 2019, and the property spans a total area of 121,500 square feet. The buyer of the property is Rodan Property Management, while the seller is Peter Greither of Greither Holdings LC. The property was listed by Enrique Jordan of Central Commercial Real Estate and Stephen Hendricks of Southeast Property Management.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $12,250,000
- Address: 14121-14267 Southwest 119th Avenue, Miami
- Buyer: Rodan Property Management
- Seller: Peter Greither - Greither Holdings LC
- Brokers: Enrique Jordan - Central Commercial Real Estate, Stephen Hendricks - Southeast Property Management
- Square Footage: 121,500
- Price Per Square Foot: $100
Records indicate that the property was previously sold in 1995 for just under $1 million.
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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93