Doug Levine Acquires Fullei Fresh Industrial Property In Miami For $11M
SOLD
$11,000,000
Florida
See Similar DealsIndustrial150,000 SF
Sold 02/27/2023
SOLD
Doug Levine Acquires Fullei Fresh Industrial Property In Miami For $11M
400 Northwest 67th Street
See Similar DealsIndustrial150,000 SF
Sold 02/27/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$73
Total Square Footage:150,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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