Aaron Tiram Acquires Warehouse In Miami, FL From Christopher Savits For $8M
15255 West Dixie Highway, Miami, Florida 33162, United States
$8,000,000
$1,340/SF
Building Size
5,970 SF
Asset Type
Industrial
Closing
Jul 6, 2022
AI
The warehouse located at 15255 W Dixie Hwy in Miami, FL has been sold in a recent transaction. The property, spanning 5,970 square feet, was purchased by Aaron Tiram for a total price of $8,000,000. This translates to a price per square foot of $1,340.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $8,000,000
- Address: 15255 W Dixie Hwy, Miami, FL
The sale of this warehouse represents a significant investment by Aaron Tiram in the Miami market. The seller, Christopher Savits, negotiated the deal through their representative.
North Miami Beach 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93