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2200 Northwest 112th Avenue...

Badia Spices Acquires Tech Data's Sweetwater Industrial Property For $44M
SOLDIndustrial

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

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.

Players

Nick Wigoda

Stream Realty Partners⁠

Broker

$200.2M

vol

22 deals

Broker
BS
Badia SpicesBuyer

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