Aaron Tiram Acquires Warehouse In Miami, FL From Christopher Savits For $8M
SOLD
Florida
See Similar DealsIndustrial5,970 SF
Sold 07/07/2022
SOLD
Aaron Tiram Acquires Warehouse In Miami, FL From Christopher Savits For $8M
15255 West Dixie Highway, Miami, Florida 33162, United States
See Similar DealsIndustrial5,970 SF
Sold 07/07/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$1,340
Total Square Footage:5,970 SF
Transaction Type:Sale
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.
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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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