K2 Aluminum Sells Industrial Property In Miami Gardens For $13.5M
16115 Northwest 52nd Avenue, Miami Gardens, FL, USA
$13,500,000
$130/SF
Building Size
103,397 SF
Asset Type
Industrial
Closing
Apr 20, 2021
AI
Located in Miami Gardens, the property at 16115 NW 52nd Ave has been sold in a recent transaction. This industrial asset spans across 103,397 square feet and was sold for $13,500,000, resulting in a price per square foot of $130. The sale took place on April 21, 2021. The seller in this transaction was K2 Aluminum.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $13,500,000
- Address: 16115 NW 52nd Ave, Miami Gardens
- Date: April 21, 2021
- Square Footage: 103,397
- Price per Square Foot: $130
The sale was facilitated by Jonathan Salk from Vanguard Realty Advisors, representing the seller, K2 Aluminum. Vanguard Realty Advisors played a crucial role as the broker in this transaction, ensuring a successful deal for both parties involved.
Players
Miami Lakes 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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93