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3680 Northwest 73rd Street

EMC Windows Acquires Industrial Property In Miami From International Distribution Center For $7.65M
SOLDIndustrial

EMC Windows Acquires Industrial Property In Miami From International Distribution Center For $7.65M

3680 Northwest 73rd Street

$7,650,000

$159/SF

Building Size

48,000 SF

Asset Type

Industrial

Closing

Jul 2, 2024

AI

The industrial asset at 3680 Northwest 73rd Street in Miami has been sold for $7,650,000. The property encompasses a total area of 48,000 square feet, translating to a price per square foot of $159.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,650,000
  • Address: 3680 Northwest 73rd Street
  • Market: Miami
  • Buyer: EMC Windows
  • Seller: International Distribution Center
  • Brokers: Patrick McBride & Edison Vasquez - ComReal
  • Square Footage: 48,000
  • Price Per Square Foot: $159

Patrick McBride and Edison Vasquez from ComReal represented the brokers in this transaction. The ComReal Industrial Team brings over 40 years of experience in assisting business owners and investors with the sale and acquisition of industrial assets in South Florida. The team features five SIORs, enhancing customer benefits through established relationships to achieve successful outcomes.

Players

Edison Vasquez

ComReal

Broker

$84.8M

vol

10 deals

Broker

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

2.07%

Cash-on-Cash

-0.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93