DWNTWN Realty Advisors Facilitates $11.6M Sale Of Industrial Property In Little River, Miami
350 Northwest 75th Street
$11,600,000
$177/SF
Building Size
65,300 SF
Asset Type
Industrial
Closing
Jul 13, 2022
AI
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.
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