HighBrook Investors Acquires Industrial Property In Miami For $33M
3455 Northwest 54th Street, Miami, FL, USA
$33,000,000
$112/SF
Building Size
292,755 SF
Asset Type
Industrial
Closing
Sep 9, 2021
AI
The industrial property located at 3455 NW 54th Street, 5530 & 5400 NW 32nd Court in Miami has been sold in a closed transaction. The property spans over 292,755 square feet and was sold at a price of $33,000,000, resulting in a price per square foot of $113.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $33,000,000
- Address: 3455 NW 54th Street, 5530 & 5400 NW 32nd Court
- Market: Miami
- Buyer: HighBrook Investors
- Seller: Seaborad Warehouse Terminals - Andrew Blank
HighBrook Investors has acquired the property from Seaborad Warehouse Terminals, with Andrew Blank representing the seller. This transaction marks a significant deal in the industrial market in Miami.
Players
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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93