Updated Oct 28, 2024
EQT Exeter Acquires 62,782 SF Industrial Property In Miami Dade For $11.2M
3235 Northwest 62nd Street, Miami, Florida 33147, United States
$11,200,000
$178/SF
Building Size
62,782 SF
Asset Type
Industrial
Closing
Jan 9, 2022
About this deal
AI
The industrial property located at 3235 NW 62nd Street in Miami Dade has been sold in a recent transaction. Spanning across 2.25 acres, the property offers ample space for various industrial purposes. The sale took place on the 1st of October, 2022, and the buyer was EQT Exeter, represented by Edward (Ward) Fitzgerald. The seller was Crown Linen LLC. The sale price for the property was $11,200,000. With a total area of 62,782 square feet, the price per square foot equated to $178.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,200,000
- Acres: 2.25
EQT Exeter, represented by Edward (Ward) Fitzgerald, made this significant acquisition for industrial purposes. This transaction showcases their commitment to expanding their presence in Miami Dade's industrial market. Crown Linen LLC, the seller in this deal, successfully completed the transfer of this industrial asset to EQT Exeter.
On the Map
$11,200,000
$178/SF
Industrial
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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
1.42%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93