Tenet Holdings Miami Lakes LLC Acquires Industrial Facility From Time Equities Inc For $18M
14427 Northwest 60th Avenue
$18,000,000
$172/SF
Building Size
104,607 SF
Asset Type
Industrial
Closing
Dec 31, 2025
AI
The property located at 14427 Northwest 60th Avenue in Miami Lakes is an industrial asset encompassing 7.3 acres. The property features a total of 104,607 square feet and was built in 1972. It was sold for $18,000,000, translating to $172 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $18,000,000
- Buyer: Tenet Holdings Miami Lakes LLC
- Seller: Francis J. Greenburger - Time Equities Inc
- Lender: RGA Life and Annuity Insurance Co.
- Mortgage Amount: $7,500,000
- Market: Miami Lakes
The transaction involved New York-based Time Equities' ML Portfolio Equities, which sold the National Molding Miami headquarters and manufacturing facility. The deal highlights the involvement of multiple parties, with Tenet Holdings Miami Lakes LLC acquiring the property under a net lease structure, while financing was secured through RGA Life and Annuity Insurance Co.
Players
Miami Lakes 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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93