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7751 NW 2nd Ave, Miami, FL ...

Updated Oct 29, 2024

Amsdell Companies Acquires Little River Industrial Property For $7.2M
SOLDIndustrial

Amsdell Companies Acquires Little River Industrial Property For $7.2M

7751 NW 2nd Ave, Miami, FL 33150, USA

$7,230,000

$149/SF

Building Size

48,435 SF

Asset Type

Industrial

Closing

Apr 30, 2020

About this deal

AI

The industrial property located at 200 Northwest 79th Street and 7751 Northwest Second Avenue in Little River has been sold. The buyer, Amsdell Companies represented by Todd Amsdell, acquired the property from Mitsukoshi Miami LLC (21st Century Storage) for a price of $7,230,000. The property spans a total area of 48,435 square feet, resulting in a price per square foot of $149.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,230,000
  • Buyer: Amsdell Companies – Todd Amsdell
  • Seller: Mitsukoshi Miami LLC (21st Century Storage)
  • Address: 200 Northwest 79th Street, 7751 Northwest Second Avenue
  • Market: Little River

Todd Amsdell, representing Amsdell Companies, played a key role in the acquisition of the industrial property in Little River. Mitsukoshi Miami LLC (21st Century Storage) acted as the seller. This transaction highlights the involvement of these individuals and companies in the deal.

Players

Miami Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $149 per square foot on a published $7.2M for 48,435 square feet (2020).

Browse Florida industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.19%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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