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John Ramsey Sells Industrial Cold Storage In Miami For $29.2M With George Smith & Julio Navarro As Brokers

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SOLD
$29,240,000

Florida

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Industrial211,000 SF
Sold 10/19/2023
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SOLD

John Ramsey Sells Industrial Cold Storage In Miami For $29.2M With George Smith & Julio Navarro As Brokers

3500 Northwest 24th Street

See Similar Deals
Industrial211,000 SF
Sold 10/19/2023
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$138
Total Square Footage:211,000 SF
Transaction Type:Sale

The industrial cold storage property located at 3500 Northwest 24th Street in Miami has been sold. The property, spanning 211,000 square feet, was sold by John Ramsey. The transaction was facilitated by George Smith and Julio Navarro of Smith Commercial Property Group, who served as the brokers in this deal. The sale price for the property amounted to $29,240,000, resulting in a price per square foot of $139.

Summary of Transaction Details

  • Property Type: Industrial Cold Storage
  • Transaction Amount: $29,240,000
  • Square Footage: 211,000
  • Price per Square Foot: $139
  • Address: 3500 Northwest 24th Street, Miami
  • Seller: John Ramsey
  • Brokers: George Smith and Julio Navarro - Smith Commercial Property Group

Smith Commercial Property Group specializes in sourcing off-market industrial dry and cold storage properties. If you are considering disposing of your industrial or cold storage property or would like to know its value, you can reach out to George at [email protected].

Players

George Smith
18 deals$159.2M volume(305) 359-6119
BROKER

Julio Navarro
Smith Commercial Property Group
6 deals$55M volume
BROKER

Details

SOLD
IMAGE: Julio Navarro & George Smith DATE: 10/19/2023 ADDRESS: 3500 Northwest 24th Street MARKET: Miami ASSET TYPE: Industrial Cold Storage SELLER: John Ramsey BROKERS: George Smith (@G_Smith_cre) & Julio Navarro - Smith Commercial Property Group (@Smith_cre) SALE PRICE: $29,240,000 SF: 211,000 ~ PPSF: $139 NOTE FROM BROKERS: Smith Commercial Property Group focuses on sourcing off market industrial dry & cold storage properties. If you are considering to dispose or would like to know the value of your industrial or cold storage property, email George at [email protected].

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$103,883.54
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