Updated Oct 29, 2024
Arkadia Property Group Acquires Industrial Property In Miami For $5.3M
1930 NW 23rd St, Miami, FL 33142, Estados Unidos
$5,300,000
$22/SF
Building Size
235,000 SF
Asset Type
Industrial
Closing
Oct 28, 2020
About this deal
AI
The industrial property located at 1930 Northwest 23rd Street in Miami has been sold in a closed transaction. The property spans across 23,500 square feet and was sold for a price of $5,300,000, resulting in a price per square foot of $226.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,300,000
- Address: 1930 Northwest 23rd Street, Miami
- Market: Miami
- Square Footage: 23,500
- Price per Square Foot: $226
The buyer of the property is Arkadia Property Group, represented by David Aaron. The seller is Shane Neman, who is affiliated with Neman Ventures. The transaction was facilitated by Larry Genet of CBRE.
On the Map
$5,300,000
$22/SF
Industrial
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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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93