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
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