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
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