Updated Nov 28, 2024
Prologis Acquires Industrial Property In Little Havana For $24.6M
3377 Northwest 24th Street Road, Miami, FL 33142, USA
$24,600,000
$62/SF
Building Size
392,040 SF
Asset Type
Industrial
Closing
Jun 29, 2020
About this deal
AI
Hamid Moghadam and Ron Bergeron were involved in a recent sale transaction in Little Havana. The property, located at 3310, 3325, and 3377 Northwest 24th Street, is an industrial asset with a total area of 392,040 square feet. The sale took place on June 30, 2020, with a transaction value of $24,600,000. This equates to a price per square foot of $61.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $24,600,000
- Address: 3310, 3325, and 3377 Northwest 24th Street
- Market: Little Havana
Prologis, represented by Hamid Moghadam, was the buyer in the transaction, while Ron Bergeron, acting on behalf of Bergeron Dade Airport LLC, served 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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93