Amsdell Storage Acquires Industrial Property In South-Dade, Florida City For $2.6M
275 S Krome Avenue, Florida City, Fl 33034
$2,600,000
$25/SF
Building Size
101,184 SF
Asset Type
Industrial
Closing
Mar 23, 2023
AI
Located at 275 S Krome Avenue in South-Dade, Florida City, this industrial property has recently been sold. The transaction took place on 03/23/2023, and the asset type is industrial. The property spans across a total area of 2.32 acres, offering ample space for various industrial activities. The buyer, Amsdell Storage represented by David Horton, acquired the property from the seller, New Ambaji represented by Neel Patel. The sale price for this transaction was $2,600,000, resulting in a price per square foot of $26. The total square footage of the property is 101,184 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,600,000
- Square Footage: 101,184
- Buyer: Amsdell Storage - David Horton
- Seller: New Ambaji - Neel Patel
- Broker: George Reyes - The Katsikos Group, Inc.
George Reyes, a representative of The Katsikos Group, Inc., facilitated this closed deal. The industrial property, located in Florida City, FL, spans over 2.32 acres, providing ample room for industrial operations. With a sale price of $2.6 million, this transaction represents a significant investment in the industrial sector.
Players
Florida City 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93