Updated Oct 29, 2024
Cove Marina Holding Acquires Industrial Property In Miami For $11M
2000 Northwest North River Drive, Miami, FL, USA
$11,000,000
$3,959/SF
Building Size
2,778 SF
Asset Type
Industrial
Closing
Mar 9, 2021
About this deal
AI
The industrial property located at 2000 NW North River Dr in Miami was recently sold in a transaction. The property spans a total area of 2,778 square feet and is situated on a 4-acre lot. The sale price for this transaction amounted to $11,000,000, resulting in a price per square foot of $3,960 and a price per acre of $2,750,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,000,000
- Address: 2000 NW North River Dr, Miami
- Market: Miami
Cove Marina Holding purchased the property from RCI Group - Robert Christoph Sr. The transaction took place on 03/10/2021. Robert Christoph Sr. represented RCI Group as the seller's representative in this deal.
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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93