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16115 Northwest 52nd Avenue...

K2 Aluminum Sells Industrial Property In Miami Gardens For $13.5M
SOLDIndustrial

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

Jonathan Salk

ZYX Capital

Broker

$135.8M

vol

7 deals

Broker

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