K2 Aluminum Sells Industrial Property In Miami Gardens For $13.5M
SOLD
$13,500,000
Florida
See Similar DealsIndustrial103,397 SF
Sold 04/21/2021
SOLD
K2 Aluminum Sells Industrial Property In Miami Gardens For $13.5M
16115 Northwest 52nd Avenue, Miami Gardens, FL, USA
See Similar DealsIndustrial103,397 SF
Sold 04/21/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$130
Total Square Footage:103,397 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65
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