Updated Oct 28, 2024
Highway Capital Affiliate Acquires Industrial Asset In North Miami Beach For $10.2M
330 Northwest 171st Street, Miami, Florida 33169, United States
$10,200,000
$201/SF
Building Size
50,744 SF
Asset Type
Industrial
Closing
Jun 27, 2022
About this deal
AI
Four industrial properties in North Miami Beach were recently sold for a total of $10,200,000. The properties, located at 330 NW 171 St, 384 NW 171 St, 375 NW 170 St, and 355 NW 170 St, have a combined square footage of 50,744. The sale price translates to approximately $201 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,200,000
- Address: 330 NW 171 St, 384 NW 171 St, 375 NW 170 St & 355 NW 170 St, North Miami Beach
- Market: North Miami Beach
The buyer, Highway Capital, an affiliate of Triarch Capital Group, was represented by Jose Sasson from Axiom Capital Advisors. The seller, Christopher Savits, was represented by Andrew Nabutovskiy from Sir Realty. For any future off-market transactions, interested parties can contact Jose Sasson at 786-393-8089 or [email protected].
On the Map
$10,200,000
$201/SF
Industrial
View full map
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Andrew Nabutovskiy 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
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93