facebook
Traded Co logo
Submit

EAST Capital Partners Acquires Industrial Asset From Skylake Executive Industrial Park For $48M

Property Image
SOLD
$48,000,000
Jose Sasson Lerner
Roberto Susi
Eli Sasson Bril

Florida

See Similar Deals
Industrial210,219 SF
Sold 10/02/2024
the dealplayerscompscontact
Property Image
SOLD

EAST Capital Partners Acquires Industrial Asset From Skylake Executive Industrial Park For $48M

19501 Northeast 10th Avenue

See Similar Deals
Industrial210,219 SF
Sold 10/02/2024
Jose Sasson Lerner
Roberto Susi
Eli Sasson Bril
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$228
Total Square Footage:210,219 SF
Transaction Type:Sale

The industrial asset located at 19501 Northeast 10th Avenue in Miami has been sold for $48,000,000. The property encompasses a total square footage of 210,219 and represents a price per square foot of $228.

Summary of transation details:

The transaction features the involvement of EAST Capital Partners, represented by Drew DeWitt and David Archibald. The seller, Skylake Executive Industrial Park, was represented by Sherra Payne. The brokerage team from AXIOM Capital Advisors included Eli Sasson Bril, Jose Sasson Lerner, and Roberto Susi, who facilitated the off-market sale.

Players

Jose Sasson Lerner
AXIOM Capital Advisors
Jose Sasson Lerner
75 deals$827.5M volume(786) 393-8089
BROKER
Roberto Susi
AXIOM Capital Advisors
Roberto Susi
69 deals$870.7M volume
BROKER
Eli Sasson Bril
AXIOM Capital Advisors
Eli Sasson Bril
24 deals$253M volume(305) 932-8550
BROKER

Details

SOLD
IMAGE: Roberto Susi, Eli Sasson Bril, Drew DeWitt & Jose Sasson Lerner DATE: 10/02/2024 ADDRESS: 19501 Northeast 10th Avenue MARKET: Miami ASSET TYPE: Industrial BUYER: EAST Capital Partners - Drew DeWitt & David Archibald SELLER: Skylake Executive Industrial Park - Sherra Payne BROKERS: Eli Sasson Bril, Jose Sasson Lerner & Roberto Susi (@RSusi29) - AXIOM Capital Advisors SALE PRICE: $48,000,000 SF: 210,219 ~ PPSF: $228 NOTE FROM BROKER: We are delighted to announce an exceptional industrial OFF-MARKET portfolio sale in North Miami Beach. Skylake Executive Industrial Park offers an amazing location and provides tenants with good access to robust labor and consumer markets in S. Florida. Our client performed beautifully & we are certain that they will be successful with this acquisition. We specialize in sourcing and facilitating off-market transactions for our clients. Please feel free to reach out to Eli Sasson @ 786-252-7223 / [email protected], Roberto Susi @ 305-528-3283 / [email protected] & Jose Sasson @ 786-393-8089 / [email protected]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,560,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$170,533.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$227,544.49
Annual Debt Service$2,730,533.86