Updated Oct 29, 2024
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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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