Brookfield Property Group Acquires Industrial Property In Miramar For $29M
SOLD
$29,000,000
+ 1
Florida
See Similar DealsIndustrial92,000 SF
Sold 06/02/2020
SOLD
Brookfield Property Group Acquires Industrial Property In Miramar For $29M
15800 Southwest 25th Street, Miramar, FL, USA
See Similar DealsIndustrial92,000 SF
Sold 06/02/2020
+ 1
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$315
Total Square Footage:92,000 SF
Transaction Type:Sale
The industrial property located at 15800 SW 25th Street in Miramar has been sold. The transaction took place on 06/02/2021. The property, spanning 92,000 square feet, was purchased by Brookfield Property Group for a total amount of $29,000,000. The sale price per square foot is $315. The property sits on 11 acres, with a price per acre of $2,636,634. The seller of the property was 15800 Building LLC.
Summary of Transaction Details:
- Property Type: Industrial
- Transaction Amount: $29,000,000
- Address: 15800 SW 25th Street, Miramar
- Market: Miramar
The brokers involved in the deal were Steve Medwin, Nick Wigoda, and Alan Long from Newmark. They represented the buyer, Brookfield Property Group, in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,546,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$103,030.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$137,474.80
Annual Debt Service$1,649,697.54
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