Edison Vasquez & Michaela Senior Of ComReal Acquire Industrial Property In Opa Locka For $8M
SOLD
$8,000,000
Florida
See Similar DealsIndustrial55,012 SF
Sold 09/11/2023
SOLD
Edison Vasquez & Michaela Senior Of ComReal Acquire Industrial Property In Opa Locka For $8M
14705 NW 25th Ct Opa-locka, FL 33054, USA
See Similar DealsIndustrial55,012 SF
Sold 09/11/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$145
Total Square Footage:55,012 SF
Transaction Type:Sale
The industrial property located at 14705 Northwest 25th Court in Opa Locka has been sold. The transaction took place on 09/11/2023 and the property was purchased for a total price of $8,000,000. The property spans an area of 55,012 square feet, resulting in a price per square foot of $145.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,000,000
- Address: 14705 Northwest 25th Court
- Market: Opa Locka
- Square Footage: 55,012
Nico Cohen acted as the seller in this transaction. The buyer's representatives were Edison Vasquez and Michaela Senior from ComReal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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