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2365 Ali Baba Avenue, Opa-l...

RLF Acquisitions LLC Acquires Industrial Property In Opalocka For $4M
SOLDIndustrial

RLF Acquisitions LLC Acquires Industrial Property In Opalocka For $4M

2365 Ali Baba Avenue, Opa-locka, FL, USA

$4,000,000

$146/SF

Building Size

27,294 SF

Asset Type

Industrial

Closing

Mar 19, 2020

AI

RLF Acquisitions LLC has recently acquired an industrial property located at 2365 Alibaba Ave in the Opalocka market. The transaction took place on 03/20/2020 and the property was sold by F&O Commercial Holdings, LLC. The property spans across 27,294 square feet and was sold at a price of $4,000,000, resulting in a price per square foot of $146.55.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,000,000
  • Square Footage: 27,294
  • Address: 2365 Alibaba Ave
  • Market: Opalocka

The deal was facilitated by a team of brokers including George Smith, Victor Jaramillo, and Tyler Mordas. Their efforts ensured a successful transaction for both the buyer and seller.

Players

George Smith

Smith Commercial Property Group

Broker

$159.2M

vol

18 deals

Broker
RL
RLF Acquisitions LLCBuyer

Opa Locka 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93