OM Capital Acquires Industrial Property In Miami For $13M
SOLD
$13,000,000
Florida
See Similar DealsIndustrial47,654 SF
Sold 01/07/2022
SOLD
OM Capital Acquires Industrial Property In Miami For $13M
240 Northeast 72nd Street, Miami, FL 33138
See Similar DealsIndustrial47,654 SF
Sold 01/07/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$272
Total Square Footage:47,654 SF
Transaction Type:Sale
An industrial property located at 240-300 NE 72nd Street in Miami has been sold for a total of $13,000,000. The property spans a total of 47,654 square feet, resulting in a price per square foot of $273. The transaction took place on January 7, 2022. The buyer of the property is OM Capital.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,000,000
- Address: 240-300 NE 72nd Street, Miami
- Market: Miami
The sale of the industrial property was facilitated by Michael Alaoui from Marcus & Millichap. Alaoui represented OM Capital in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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