Devlin Marinoff & Tony Arellano Of DWNTWN Realty Advisors Sell Little River Industrial Property For $11.6M
SOLD
$11,600,000
Florida
See Similar DealsIndustrial65,300 SF
Sold 07/13/2022
SOLD
Devlin Marinoff & Tony Arellano Of DWNTWN Realty Advisors Sell Little River Industrial Property For $11.6M
350 Northeast 75th Street, Miami, Florida 33138, United States
See Similar DealsIndustrial65,300 SF
Sold 07/13/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$177
Total Square Footage:65,300 SF
Transaction Type:Sale
The industrial property located at 350 NE 75th St in Little River, Miami has been sold for a total price of $11,600,000. Spanning across 46,563 square feet, the property was sold at a price per square foot of $249. The transaction took place on July 13, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,600,000
- Square Footage: 46,563
- Price per Square Foot: $249
- Address: 350 NE 75th St, Little River, Miami
- Market: Little River, Miami
The seller of the property was Morgan Reed. The deal was facilitated by Devlin Marinoff and Tony Arellano from DWNTWN Realty Advisors. They represented the seller in the transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$618,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,212.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,989.92
Annual Debt Service$659,879.02
Is there something missing? Send suggestions