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14427 Northwest 60th Avenue

Tenet Holdings Miami Lakes LLC Acquires Industrial Facility From Time Equities Inc For $18M
SOLDIndustrial

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

Francis J. Greenburger

Time Equities Inc

Seller

$191M

vol

3 deals

Seller
Reinsurance Group of America
Reinsurance Group of AmericaLender

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