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Quantum Equity One Acquires Industrial Property In Miami For $6M

Property Image
SOLD
$6,000,000
Patrick McBride
Edison Vasquez
Edward Redlich
+ 1

Florida

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Industrial63,683 SF
Sold 12/11/2020
the dealplayerscompscontact
Property Image
SOLD

Quantum Equity One Acquires Industrial Property In Miami For $6M

16215 Northwest 15th Avenue, Miami, FL, USA

See Similar Deals
Industrial63,683 SF
Sold 12/11/2020
Patrick McBride
Edison Vasquez
Edward Redlich
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$94
Total Square Footage:63,683 SF
Transaction Type:Sale

Quantum Equity One has acquired an industrial property located at 16215 Northwest 15th Avenue in Miami. The property, which spans 63,683 square feet, was sold by Custom Stainless Steel Equipment for a total of $6,000,000, resulting in a price per square foot of $94. The transaction took place on December 11, 2020.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $6,000,000
  • Address: 16215 Northwest 15th Avenue, Miami
  • Market: Miami
  • Seller: Custom Stainless Steel Equipment
  • Buyer: Quantum Equity One
  • BROKERS: Edison Vasquez, Patrick McBride, Ed Redlich, & Chris Spear - ComReal

The deal was facilitated by brokers Edison Vasquez, Patrick McBride, Ed Redlich, and Chris Spear from ComReal.

Players

Chris Spear
ComReal
Chris Spear
11 deals$136.2M volume(786) 433-2099
BROKER
Edward Redlich
Edward Redlich
5 deals$60.8M volume(786) 433-2379
BROKER
Edison Vasquez
ComReal
Edison Vasquez
10 deals$84.8M volume(786) 433-2383
BROKER
Patrick McBride
ComReal
Patrick McBride
9 deals$88.9M volume
BROKER

Details

SOLD
IMAGE: Patrick McBride, Edison Vasquez, Chris Spear, & Ed Redlich⁠ DATE: 12/11/2020⁠ ADDRESS: 16215 Northwest 15th Avenue⁠ MARKET: Miami⁠ ASSET TYPE: Industrial⁠ ⁠ BUYER: Quantum Equity One⁠ SELLER: Custom Stainless Steel Equipment⁠ BROKERS: Edison Vasquez (@EdisonIndustrial), Patrick McBride, Ed Redlich, & Chris Spear - ComReal⁠ ⁠ SALE PRICE: $6,000,000⁠ SF: 63,683 ~ PPSF: $94⁠

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73