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Michael Alaoui Of Marcus & Millichap Represents Seller In $6.05M Miami Industrial Sale
SOLD
$6,050,000
Florida
See Similar DealsIndustrial25,616 SF
Sold 08/19/2025
SOLD
Michael Alaoui Of Marcus & Millichap Represents Seller In $6.05M Miami Industrial Sale
3700 Northwest South River Drive
See Similar DealsIndustrial25,616 SF
Sold 08/19/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$236
Total Square Footage:25,616 SF
Transaction Type:Sale
This transaction involves the sale of an industrial portfolio located at 3700-3740 Northwest South River Drive in Miami. The property spans 1.29 acres and comprises a total square footage of 25,616. It is part of the Airport Center district and was sold for $6,050,000, translating to a price per square foot of $236.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,050,000
- Square Footage: 25,616
- Address: 3700-3740 Northwest South River Drive
- Market: Miami
- Acres: 1.29
- PPSF: $236
Michael Alaoui from Marcus & Millichap represented the seller and procured the buyer for this fully occupied 19-unit property. The sale was an all-cash transaction and highlights the successful brokerage efforts in this market segment.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$322,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,494.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,680.09
Annual Debt Service$344,161.04
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