Updated Oct 28, 2024
ODAN Capital Acquires Industrial Property In Miami For $8.35M
3320 Northwest 33rd Street, Miami, Florida 33142, United States
$8,350,000
$198/SF
Building Size
42,000 SF
Asset Type
Industrial
Closing
Jun 21, 2022
About this deal
AI
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.
On the Map
$8,350,000
$198/SF
Industrial
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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
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93