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
the dealplayerscompscontact
Property Image
SOLD

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

275 S Krome Avenue

See Similar Deals
Industrial101,184 SF
Sold
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$25
Total Square Footage:101184 SF
Transaction Type:Sale

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
4 deals$9.5M volume(305) 986-4747
BROKER


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. (@Katsikos_Group_) 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