facebook
Traded Co logo
Submit

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

Property Image
SOLD
$2,600,000

Florida

See Similar Deals
Industrial101,184 SF
Sold 03/23/2023
the dealplayerscompscontact
Property Image
SOLD

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

275 S Krome Avenue, Florida City, Fl 33034

See Similar Deals
Industrial101,184 SF
Sold 03/23/2023
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$25
Total Square Footage:101,184 SF
Transaction Type:Sale

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

2 deals$5.2M volume
BUYER

SELLER

Details

SOLD
IMAGE: George Reyes DATE: 03/23/2023 ADDRESS: 275 S Krome Avenue MARKET: South-Dade, Florida City ASSET TYPE: Industrial BUYER: Amsdell Storage - David Horton SELLER: New Ambaji - Neel Patel BROKER: George Reyes (@GeorgeReyesCRE) - The Katsikos Group, Inc. SALE PRICE: $2,600,000 SF: 101,184 ~ PPSF: $26 NOTE FROM BROKER: CLOSED DEAL $2.6M @GeorgeReyesCRE 2.32 Acres of Industrial Land in Florida City, FL

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$138,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92