Updated Oct 28, 2024
Mitchell Feldman & Jordan Feldman Acquire Industrial Property In Palmetto Bay For $2.7M
17501 SW 99th Rd, Palmetto Bay, FL 33157
$2,700,000
$32/SF
Building Size
84,000 SF
Asset Type
Industrial
Closing
Dec 15, 2021
About this deal
AI
An industrial property in Palmetto Bay has been sold for $2,700,000. The property is located at 17501 SW 99 Rd and has a total square footage of 84,000. The price per square foot is approximately $32.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $2,700,000
- Address: 17501 SW 99 Rd
- Market: Palmetto Bay
The buyer of the property is Mitchell Feldman and Jordan Feldman from The Feldman Companies. The seller is Miguel Pinto from Apex Capital Realty. The deal was facilitated by Miguel Pinto from APEX Capital Realty acting as the broker.
Players
Palmetto Bay 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93