KODA Acquires Industrial Property In Opa Locka For $8M
SOLD
Florida
See Similar DealsIndustrial48,846 SF
Sold 09/11/2023
SOLD
KODA Acquires Industrial Property In Opa Locka For $8M
14705 NW 25th Ct Opa-locka, FL 33054, USA
See Similar DealsIndustrial48,846 SF
Sold 09/11/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$163
Total Square Footage:48,846 SF
Transaction Type:Sale
The industrial property located at 14705 Northwest 25th Court in Opa Locka has been sold in a transaction. The property spans a total area of 48,846 square feet and was purchased for a total price of $8,000,000, resulting in a price per square foot of $164.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,000,000
- Square Footage: 48,846
- Address: 14705 Northwest 25th Court
- Market: Opa Locka
The buyer in this transaction is KODA, while the seller is Nico Cohen. The deal was facilitated by the CBRE team, consisting of brokers Noah Ohayon, Larry Genet, Tom O'Loughlin, and Zack Krawiec.
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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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