CenterPoint Properties Trust Acquires Industrial Property In Miami-Dade County For $29.5M
3200 Northwest 67th Avenue, Miami, FL, USA
$29,500,000
$15/SF
Building Size
1,851,300 SF
Asset Type
Industrial
Closing
Mar 23, 2020
AI
The industrial property located at 3200 Northwest 67th Avenue in Miami-Dade County has been sold for a price of $29,500,000. The property spans a total of 1,851,300 square feet, resulting in a price per square foot of $15. The sale was completed on March 24, 2020.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $29,500,000
- Address: 3200 Northwest 67th Avenue, Miami-Dade County
- Square Footage: 1,851,300
- Price per Square Foot: $15
- Buyer: CenterPoint Properties Trust - Bob Chapman
- Seller: FDG Hialeah (Florida East Coast Industries)
- Market: Miami-Dade County
- Image: Bob Chapman
- Date: March 24, 2020
Bob Chapman, representing CenterPoint Properties Trust, acted as the buyer in this transaction. The seller was FDG Hialeah, a subsidiary of Florida East Coast Industries.
Players
Miami 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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93