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
Deerfield Beach 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93