Crest RE Acquires Industrial Property In Opa Locka, FL For $5.13M
SOLD
$5,130,000
Florida
See Similar DealsIndustrial42,000 SF
Sold 12/27/2021
SOLD
Crest RE Acquires Industrial Property In Opa Locka, FL For $5.13M
2099 Northwest 141st Street, Opa Locka, FL 33054
See Similar DealsIndustrial42,000 SF
Sold 12/27/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$122
Total Square Footage:42,000 SF
Transaction Type:Sale
The industrial property located at 2099 NW 141st St in Opa Locka, FL was recently sold. The transaction took place on 12/27/2021, and the property was purchased for a total of $5,130,000. The property has a total size of 42,000 square feet, resulting in a price per square foot of $122. The buyer of the property is Crest RE, represented by Peter Zuckerman and Robert Lansburgh. The seller of the property is Daniel Hurtak. The deal was facilitated by broker Jake Zebede.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,130,000
- Address: 2099 NW 141st St, Opa Locka, FL
- Market: Opa Locka, FL
- Buyer: Crest RE - Peter Zuckerman, Robert Lansburgh
- Seller: Daniel Hurtak
- Broker: Jake Zebede
The purchase of this industrial property in Opa Locka, FL involved various parties. Crest RE, represented by Peter Zuckerman and Robert Lansburgh, acted as the buyer in the transaction. Daniel Hurtak was the seller of the property. The deal was facilitated by broker Jake Zebede.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$273,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,225.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,318.82
Annual Debt Service$291,825.81
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