Updated Oct 28, 2024
Miami Industrial Property Sold For $8.3M By Miami River Industrial Center, LLC
3611 Northwest South River Drive, Miami, Florida 33142, United States
$8,300,000
$424/SF
Building Size
19,548 SF
Asset Type
Industrial
Closing
Oct 3, 2022
About this deal
AI
The industrial property located at 3611 NW South River Drive in Miami has been sold in a closed transaction. The property spans 19,548 square feet and is situated in the Miami market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,300,000
- Address: 3611 NW South River Drive
- Market: Miami
The buyer of the property is Miami River Industrial Center, LLC. The deal was facilitated by Alex D. Zylberglait and Michael Crocchiola, who represented the buyer as brokers from Marcus & Millichap. The sale price for the property was $8,300,000, resulting in a price per square foot of $425.
On the Map
$8,300,000
$424/SF
Industrial
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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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93