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255 Northeast 181st Street,...

Seagis Property Group Acquires Industrial Property In North Miami For $8M
SOLDIndustrial

Seagis Property Group Acquires Industrial Property In North Miami For $8M

255 Northeast 181st Street, Miami, FL 33162

$8,000,000

$133/SF

Building Size

60,084 SF

Asset Type

Industrial

Closing

Oct 22, 2021

AI

The industrial property located at 255 NE 181st Street in North Miami has been sold in a recent transaction. The property spans over 60,084 square feet and was purchased by Seagis Property Group for a total amount of $8,000,000. The sale price per square foot was approximately $133. The seller of the property was Marcelo Herskovitz. The transaction took place on October 22, 2021. The brokerage representation for the buyer was Jonathan Salk from Vanguard Realty Advisors.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $8,000,000
  • Square Footage: 60,084
  • Address: 255 NE 181st Street, North Miami
  • Buyer: Seagis Property Group
  • Seller: Marcelo Herskovitz
  • Broker: Jonathan Salk - Vanguard Realty Advisors

The transaction highlights Seagis Property Group as the buyer, while Marcelo Herskovitz acted as the seller. Jonathan Salk from Vanguard Realty Advisors represented the buyer in the deal.

Players

Jonathan Salk

ZYX Capital

Broker

$135.8M

vol

7 deals

Broker
Seagis Property Group
Seagis Property GroupBuyer

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

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93