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15501 Southwest 29th Street...

Cabot Properties Acquires Industrial Property In Miramar For $71.6M
SOLDIndustrial

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

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

Dominic Montazemi

Cushman & Wakefield

Broker

$4.2B

vol

90 deals

Broker
Bridge Industrial
Bridge IndustrialBrokerage
Cabot Properties
Cabot PropertiesBuyer
Bridge Industrial
Bridge IndustrialSeller

Miramar Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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