DWNTWN Realty Advisors Facilitates $11.6M Sale Of Industrial Property In Little River, Miami
SOLD
$11,600,000
Florida
See Similar DealsIndustrial65,300 SF
Sold 07/13/2022
SOLD
DWNTWN Realty Advisors Facilitates $11.6M Sale Of Industrial Property In Little River, Miami
350 Northwest 75th Street
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
An industrial property located at 350 NE 75th St in the Little River market of Miami has been sold for $11,600,000. The property spans 65,300 square feet, resulting in a price per square foot of $178.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $11,600,000
- Address: 350 NE 75th St
- Market: Little River, Miami
The seller of the property was Morgan Reed. The transaction was facilitated by brokers Devlin Marinoff and Tony Arellano from DWNTWN Realty Advisors.
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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
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