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400 Northwest 67th Street

Doug Levine Acquires Fullei Fresh Industrial Property In Miami For $11M
SOLDIndustrial

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

Miguel Pinto

APEX Capital Realty

Broker

$330.5M

vol

50 deals

Broker

Doug Levine

Buyer

$102.1M

vol

11 deals

Buyer

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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