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
$11,600,000
$177/SF
Building Size
65,300 SF
Asset Type
Industrial
Closing
Jul 12, 2022
AI
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
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
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93