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275 S Krome Avenue

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

$2,600,000

$25/SF

Building Size

101,184 SF

Asset Type

Industrial

Closing

Mar 23, 2023

AI

An industrial property located at 275 S Krome Avenue in South-Dade, Florida City has been sold for $2,600,000. The property spans 101,184 square feet with a price per square foot of $26. It was sold by the seller, New Ambaji, represented by Neel Patel. The buyer, Amsdell Storage, was represented by David Horton. The transaction was facilitated by George Reyes of The Katsikos Group, Inc.

Summary of transaction details:

  • Property Type: Industrial
  • Sale Price: $2,600,000
  • Square Footage: 101,184
  • Price Per Square Foot: $26
  • Address: 275 S Krome Avenue, South-Dade, Florida City
  • Market: South-Dade, Florida City

George Reyes from The Katsikos Group, Inc. played a key role in the deal as the broker representing both the buyer and the seller. This successful transaction involved the sale of 2.32 acres of industrial land in Florida City, FL.

Players

George Reyes

The Keyes Company

Broker

$9.5M

vol

4 deals

Broker

David Horton

Amsdell Storage

Buyer

$5.2M

vol

2 deals

Buyer
NA
New AmbajiSeller

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