Updated Dec 2, 2024
Brookfield Property Group Acquires Industrial Property In Miramar For $29M
15800 Southwest 25th Street, Miramar, FL, USA
$29,000,000
$315/SF
Building Size
92,000 SF
Asset Type
Industrial
Closing
Jun 2, 2020
About this deal
AI
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.
On the Map
$29,000,000
$315/SF
Industrial
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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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93