Quantum Equity One Acquires Industrial Property In Miami For $6M
16215 Northwest 15th Avenue, Miami, FL, USA
$6,000,000
$94/SF
Building Size
63,683 SF
Asset Type
Industrial
Closing
Dec 10, 2020
AI
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
Miami 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93