290 NE 181 LLC Acquires Industrial Asset In Miami From James Fulford For $2.35M
SOLD
$2,350,000
Florida
See Similar DealsIndustrial14,626 SF
Sold 09/13/2021
SOLD
290 NE 181 LLC Acquires Industrial Asset In Miami From James Fulford For $2.35M
290 Ne 181st St
See Similar DealsIndustrial14,626 SF
Sold 09/13/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$160
Total Square Footage:14,626 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial asset located at 290 Ne 181st St, Miami. The sale price for the property was $2,350,000.00, and it encompasses a total area of 14,626 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,350,000.00
- Address: 290 Ne 181st St
- Market: Miami
- Buyer: 290 NE 181 LLC
- Seller: James Fulford
- Brokers: Elad Barokas (AXIOM Capital Advisors)
The transaction featured Elad Barokas from AXIOM Capital Advisors representing the seller, James Fulford, in the deal involving the buyer, 290 NE 181 LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39
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