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275 S Krome Avenue, Florida...

Updated Oct 29, 2024

Amsdell Storage Acquires Industrial Property In South-Dade, Florida City For $2.6M
SOLDIndustrial

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

About this deal

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.

On the Map

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$2,600,000

$25/SF

Industrial

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Players

David Horton

Amsdell Storage

Buyer

$5.2M

vol

2 deals

Buyer
NA
New AmbajiSeller
Bilt advertisement

Florida City Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $25 per square foot on a published $2.6M for 101,184 square feet (2023).

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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

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