Updated Dec 19, 2023
Kwok Chung Lam & Kwok Hung Alan Acquire Industrial Property In Miami For $5.65M
3301 NW 112th St, Miami, FL, USA
$5,650,000
$141/SF
Building Size
39,925 SF
Asset Type
Industrial
Closing
Jul 28, 2021
About this deal
AI
The industrial property located at 3301 NW 112th St in Miami has been sold in a recent transaction. The property spans 39,925 square feet and was sold at a price of $5,650,000. The price per square foot was calculated to be $142.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $5,650,000
- Square Footage: 39,925
- Price per Square Foot: $142
Kwok Chung Lam & Kwok Hung Alan were the buyers in this transaction, while Stephen J. Zuckerman acted as the seller.
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
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93