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
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