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2030 Northwest 40th Court, ...

Ozinga Concrete Acquires Barreiro Concrete Industrial Properties In Deerfield Beach And Miami For $24M
SOLDIndustrial

Ozinga Concrete Acquires Barreiro Concrete Industrial Properties In Deerfield Beach And Miami For $24M

2030 Northwest 40th Court, Deerfield Beach, Florida 33064, United States

$24,000,000

$74/SF

Building Size

324,300 SF

Asset Type

Industrial

Closing

Sep 1, 2022

AI

Ozinga Concrete has acquired two industrial properties in Deerfield Beach, Miami, in a transaction facilitated by Andros Sarduy of Synergy Realty Advisors and Eduardo Azofra of Fortune International Realty. The properties are located at 2030 NW 40th Ct and 12101 NW 58TH ST. The sale, which also includes the business, was completed on 09/02/2022 with Barreiro Concrete as the seller. The sale price for the combined assets is $24,000,000, with a total square footage of 324,300 and a price per square foot of $74.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $24,000,000
  • Address: 2030 NW 40th Ct & 12101 NW 58TH ST, Deerfield Beach, Miami
  • Market: Deerfield Beach, Miami

Note from the broker: The sale includes the business and the two properties located at 12101 NW 58TH ST, Miami, FL 33178 & 2030 NW 40TH CT, Deerfield Beach, FL.

This transaction marks a significant acquisition for Ozinga Concrete in the industrial sector. With the purchase of the two properties, Ozinga Concrete strengthens its presence in the Deerfield Beach market. Andros Sarduy of Synergy Realty Advisors and Eduardo Azofra of Fortune International Realty played crucial roles in facilitating the deal, representing Ozinga Concrete and Barreiro Concrete, respectively.

Players

Andros Sarduy

Synergy Realty Advisors

Broker

$79.6M

vol

17 deals

Broker
OC
Ozinga ConcreteBuyer
BC
Barreiro ConcreteSeller

Deerfield Beach Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93