Ryan Shear Acquires Warehouse In Miami, FL From Karen Llera For $7.5M
SOLD
$7,500,000
Florida
See Similar DealsIndustrial
Sold 07/13/2022
SOLD
Ryan Shear Acquires Warehouse In Miami, FL From Karen Llera For $7.5M
18 Northwest 11th Street, Miami, Florida 33136, United States
See Similar DealsIndustrial
Sold 07/13/2022
Summary
FLORIDA
Asset Type:Industrial
Transaction Type:Sale
Four warehouse properties in Miami, FL have recently been sold in a transaction totaling $7,500,000. The properties, located at 18 NW 11th St, 34 NW 11th St, 38 NW 11th St, and 44 NW 11th St, were sold in a closed sale on July 13, 2022. The transaction involved the buyer, Ryan Shear, and the seller, Karen Llera.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $7,500,000
Ryan Shear, a buyer in this transaction, acquired the four warehouse properties in Miami. Karen Llera served as the seller. Additional details regarding the deal and the parties involved were not disclosed.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
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