Triarch Capital Group Acquires Industrial Property At 15733 Southwest 117th Avenue For $3.25M
SOLD
$3,250,000
Florida
See Similar DealsIndustrial67,518 SF
Sold 10/16/2024
SOLD
Triarch Capital Group Acquires Industrial Property At 15733 Southwest 117th Avenue For $3.25M
15733 Southwest 117th Avenue
See Similar DealsIndustrial67,518 SF
Sold 10/16/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$48
Total Square Footage:67,518 SF
Transaction Type:Sale
The property involved in this transaction is located at 15733 Southwest 117th Avenue in Miami, characterized as an industrial asset. The sale price for this property was $3,250,000, with a total square footage of 67,518, equating to a price per square foot of $48.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,250,000
- Square Footage: 67,518
- Price per Square Foot: $48
- Buyer: Triarch Capital Group - Stefan Grosfeld
- Seller: Jason Rivera
- Buyer's Representative: Roberto Susi & Jose Sasson Lerner - AXIOM Capital Advisors
- Seller's Representative: Robert Eckstein - NAI Global
- Date of Transaction: 10/16/2024
This transaction was facilitated by key individuals from both sides, including Roberto Susi and Jose Sasson Lerner representing the buyer through AXIOM Capital Advisors, while Robert Eckstein acted on behalf of the seller through NAI Global. These brokers specialize in sourcing and facilitating off-market transactions.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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