HighBrook Investors Acquires Industrial Property In Miami For $33M
SOLD
$33,000,000
Florida
See Similar DealsIndustrial292,755 SF
Sold 09/10/2021
SOLD
HighBrook Investors Acquires Industrial Property In Miami For $33M
3455 Northwest 54th Street, Miami, FL, USA
See Similar DealsIndustrial292,755 SF
Sold 09/10/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$112
Total Square Footage:292,755 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,759,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03
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