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3501 Commerce Parkway, Mira...

Updated Oct 29, 2024

Seagis Property Group Acquires Industrial Property In Miramar For $13.65M
SOLDIndustrial

Seagis Property Group Acquires Industrial Property In Miramar For $13.65M

3501 Commerce Parkway, Miramar, FL, USA

$13,650,000

$161/SF

Building Size

84,369 SF

Asset Type

Industrial

Closing

Jan 6, 2021

About this deal

AI

The industrial property located at 3501 Commerce Parkway in Miramar has been sold. The transaction took place on January 7, 2021. The property spans a total of 84,369 square feet and is situated on 5 acres of land. The sale price for this property was $13,650,000, resulting in a price per square foot of $162 and a price per acre of $2,730,000.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $13,650,000
  • Address: 3501 Commerce Parkway, Miramar
  • Market: Miramar

The buyer of this property is Seagis Property Group, while the seller is JC White Architectural Interior Products represented by Mark Feltingoff. Mark Feltingoff acted as the seller's representative in this deal. Additional details about the transaction and the parties involved are not available.

Players

Seagis Property Group
Seagis Property GroupBuyer

Miramar Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $161 per square foot on a published $13.7M for 84,369 square feet (2021).

Browse Florida industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.16%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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