Cabot Properties Acquires Industrial Property In Miramar For $71.6M
15501 Southwest 29th Street, Miramar, FL, USA
$71,600,000
$235/SF
Building Size
304,428 SF
Asset Type
Industrial
Closing
Aug 11, 2020
AI
The industrial property located at 15501 SW 29th Street in Miramar has been sold. The transaction took place on August 11, 2021. The property was sold by Bridge Industrial to Cabot Properties for a total sale price of $71,600,000. The property spans across 304,428 square feet, resulting in a price per square foot of $235.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $71,600,000
- Address: 15501 SW 29th Street
- Market: Miramar
- Buyer: Cabot Properties
- Seller: Bridge Industrial
- Brokers: Mike Davis, Rick Brugge, Dominic Montazemi, Rick Colon, Chris Metzger, Matt McAllister, and Rick Etner - Cushman & Wakefield
Notable individuals involved in the deal include Mike Davis, Rick Brugge, Dominic Montazemi, Rick Colon, Chris Metzger, Matt McAllister, and Rick Etner from Cushman & Wakefield representing the buyer and seller in this transaction.
Players
Miramar 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93