OM Capital Acquires Industrial Property In Miami For $13M
240 Northeast 72nd Street, Miami, FL 33138
$13,000,000
$272/SF
Building Size
47,654 SF
Asset Type
Industrial
Closing
Jan 7, 2022
AI
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.
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93