Updated Dec 4, 2024
Cabot Properties Acquires Industrial Property In Miami's Weston For $63M
3225 Meridian Parkway, Weston, FL, USA
$63,000,000
$143/SF
Building Size
438,331 SF
Asset Type
Industrial
Closing
Mar 28, 2019
About this deal
AI
The industrial property located at 3225-3425 Meridian Parkway in Weston, Miami has been sold for a price of $63,000,000. The property spans approximately 438,331 square feet, resulting in a price per square foot of $143. The transaction took place on March 29, 2019.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $63,000,000
- Address: 3225-3425 Meridian Parkway, Weston, Miami
- Market: Weston
- City: Miami
The buyer of the property is Cabot Properties, while the seller is Clarion Partners represented by David Gilbert. It is worth noting that Clarion Properties had initially purchased the buildings in 2004 for $30.6 million. The industrial structures were built in 1995.
Players
Weston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit David Gilbert to view all their deals.
Browse Florida industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93