Updated Oct 29, 2024
Badia Spices Acquires Tech Data's Sweetwater Industrial Property For $44M
2200 Northwest 112th Avenue, Sweetwater, FL, USA
$44,000,000
$140/SF
Building Size
313,000 SF
Asset Type
Industrial
Closing
Nov 2, 2020
About this deal
AI
An industrial property located at 2200 Northwest 112th Avenue in Sweetwater has recently been sold. The property spans 313,000 square feet and was sold for a total price of $44,000,000, resulting in a price per square foot of $141. The transaction took place on November 3, 2020.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $44,000,000
- Address: 2200 Northwest 112th Avenue
- Market: Sweetwater
Joseph Badia, representing Badia Spices, acquired the property, while Rich Hume, representing Tech Data, served as the seller. The deal was facilitated by Steve Medwin and Nick Wigoda from Newmark.
On the Map
$44,000,000
$140/SF
Industrial
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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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93