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14565 Northwest 26th Avenue

Mayra Parente Buys Industrial Property From Ami Peleg For $11M
SOLDIndustrial

Mayra Parente Buys Industrial Property From Ami Peleg For $11M

14565 Northwest 26th Avenue

$11,000,000

$137/SF

Building Size

80,000 SF

Asset Type

Industrial

Closing

Mar 15, 2024

AI

The industrial property located at 14565 Northwest 26th Avenue in Opa Locka has been sold in a transaction involving a total sale price of $11,000,000. The asset spans a total area of 80,000 square feet, resulting in a price per square foot of $138. The sale was completed on 03/15/2024 with Mayra Parente of Medina Properties LLC acquiring the property from Ami Peleg. The deal was facilitated by brokers Noah Ohayon and Larry Genet of CBRE.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $11,000,000
  • Buyer: Mayra Parente 
  • Seller: Ami Peleg
  • Brokers: Noah Ohayon & Larry Genet - CBRE
  • SF: 80,000
  • PPSF: $138

Noah Ohayon and Larry Genet from CBRE represented the parties in this transaction, ensuring a successful sale of the industrial property in Opa Locka. The involvement of Medina Properties LLC, headed by Mayra Parente, adds an element of growth and opportunity in the business landscape of the area, showcasing a strategic move in the industrial real estate market.

Players

Larry Genet

CBRE

Broker

$436M

vol

57 deals

Broker

Opa Locka 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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93