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Rick Stone's EverWest Real Estate Investors Acquires Industrial Asset In Miami For $13.15M

Property Image
SOLD
$13,150,000
Tyler Williams
Joel A. Kattan
Anthony Peragine
+ 1

Florida

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Industrial136,000 SF
Sold
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Property Image
SOLD

Rick Stone's EverWest Real Estate Investors Acquires Industrial Asset In Miami For $13.15M

3505 Northwest 112th Street, Miami, FL, USA

See Similar Deals
Industrial136,000 SF
Sold
Tyler Williams
Joel A. Kattan
Anthony Peragine
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$96
Total Square Footage:136000 SF
Transaction Type:Sale

An industrial property located at 3505 Northwest 112th Street in Miami has been sold for a price of $13,150,000. The property spans approximately 136,000 square feet, resulting in a price per square foot of $97.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $13,150,000
  • Address: 3505 Northwest 112th Street
  • Market: Miami
  • Square Footage: 136,000
  • Price per Square Foot: $97

The buyer of the property is Rick Stone, representing EverWest Real Estate Investors. Tyler Williams, also from EverWest, served as the buyer's representative in the deal. On the other side, Joel A. Kattan and Anthony Peragine, brokers from SVN Commercial Realty, represented the seller.

Players

Tyler Williams
Tyler Williams
1 deal$13.2M volume
BROKER
Joel A. Kattan
SVN
Joel A. Kattan
15 deals$171.8M volume
BROKER
Anthony Peragine
SVN
Anthony Peragine
15 deals$171.8M volume
BROKER
Rick Stone
EverWest Real Estate Investors
Rick Stone
11 deals$208M volume
BUYER

Details

SOLD
IMAGE: Anthony Peragine, Joel A. Kattan, & Rick Stone DATE: 12/28/2020 ADDRESS: 3505 Northwest 112th Street MARKET: Miami ASSET TYPE: Industrial BUYER: Rick Stone - EverWest Real Estate Investors BUYER'S REP: Tyler Williams - EverWest SELLER'S REP: Joel A. Kattan & Anthony Peragine - SVN Commercial Realty PRICE: $13,150,000 SF: 136,000 ~ PPSF: $97

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$701,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$46,719.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,337.71
Annual Debt Service$748,052.51