Updated Oct 29, 2024
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
Miramar 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
1.16%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93