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ODAN Capital Acquires Industrial Property In Miami For $8.35M

Property Image
SOLD
$8,350,000
Christina Searles
Tom O'Loughlin
Larry Genet

Florida

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Industrial42,000 SF
Sold 06/22/2022
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Property Image
SOLD

ODAN Capital Acquires Industrial Property In Miami For $8.35M

3320 Northwest 33rd Street, Miami, Florida 33142, United States

See Similar Deals
Industrial42,000 SF
Sold 06/22/2022
Christina Searles
Tom O'Loughlin
Larry Genet
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$198
Total Square Footage:42,000 SF
Transaction Type:Sale

An industrial property located at 3320-3567 NW 33rd St in Miami has been sold for a price of $8,350,000. The property has a total area of 42,000 square feet, resulting in a price per square foot of $199. The sale was completed on June 22, 2022. The buyer of the property was ODAN Capital, while AVS International Group acted as the seller.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $8,350,000
  • Address: 3320-3567 NW 33rd St, Miami
  • Market: Miami
  • Buyer: ODAN Capital
  • Seller: AVS International Group

Christina Searles, Larry Genet, and Tom O'Loughlin from CBRE represented both the buyer and the seller in the deal. They identified the property off-market and secured the buyer directly. Additionally, the CBRE team assisted in structuring the seller financing. Christina Searles can be contacted at [email protected] or (954) 331-1750 for future opportunities.

Players

Larry Genet
CBRE
Larry Genet
57 deals$436M volume(305) 807-0004
BROKER
Tom O'Loughlin
CBRE
Tom O'Loughlin
56 deals$831.7M volume(954) 817-3919
BROKER
Christina Searles
CBRE
Christina Searles
3 deals$36.5M volume
BROKER
OC
ODAN Capital
BUYER
AG
AVS International Group
SELLER

Details

SOLD
IMAGE: Larry Genet, Christina Searles & Tom O'Loughlin DATE: 06/22/2022 ADDRESS: 3320-3567 NW 33rd St MARKET: Miami ASSET TYPE: Industrial BUYER: ODAN Capital SELLER: AVS International Group BROKERS: Christina Searles (@ChrissyEvelyn), Larry Genet (@LarryGenet), Tom O'Loughlin - CBRE (@CBRE) (@CBRE_Florida) SALE PRICE: $8,350,000 SF: 42,000 ~ PPSF: $199 NOTE FROM BROKERS: We identified the property off-market and secured the buyer directly while also helping to structure the seller financing. Our team is super bullish when it comes to sourcing and facilitating the sale and leasing of industrial, flex, land, office, manufacturing and warehouse properties throughout South Florida. Please reach out to Christina Searles for future opportunities. [email protected] (954) 331-1750

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$445,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,665.80
Cash-on-Cash Return-1.27%
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