facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

3320 Northwest 33rd Street,...

ODAN Capital Acquires Industrial Property In Miami For $8.35M
SOLDIndustrial

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

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.

Players

Larry Genet

CBRE

Broker

$436M

vol

57 deals

Broker
OC
ODAN CapitalBuyer
AG
AVS International GroupSeller

Miami Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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