Doug Levine Acquires Fullei Fresh Industrial Property In Miami For $11M
400 Northwest 67th Street
$11,000,000
$73/SF
Building Size
150,000 SF
Asset Type
Industrial
Closing
Feb 27, 2023
AI
The industrial property located at 400 Northeast 67th Street in Miami has been sold in a transaction. The property spans 150,000 square feet and was sold for a price of $11,000,000, resulting in a price per square foot of $73.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,000,000
- Address: 400 Northeast 67th Street, Miami
- Market: Miami
The buyer for this transaction is Doug Levine, while the seller is Fullei Fresh. The brokers involved in the deal are Samuel Heskiel from Beachfront Realty and Miguel Pinto from APEX Capital Realty.
Players
Market 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93