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330 Northwest 171st Street,...

Highway Capital Affiliate Acquires Industrial Asset In North Miami Beach For $10.2M
SOLDIndustrial

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

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].

Players

Jose Sasson Lerner

AXIOM Capital Advisors

Broker

$872.9M

vol

77 deals

Broker
TG
Triarch Capital GroupBuyer

Christopher Savits

Seller

$24.2M

vol

4 deals

Seller

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

1.56%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93