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
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