Seagis Property Group Acquires Industrial Property In North Miami For $8M
SOLD
$8,000,000
Florida
See Similar DealsIndustrial60,084 SF
Sold 10/22/2021
SOLD
Seagis Property Group Acquires Industrial Property In North Miami For $8M
255 Northeast 181st Street, Miami, FL 33162
See Similar DealsIndustrial60,084 SF
Sold 10/22/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$133
Total Square Footage:60,084 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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