Stockbrigde Acquires Industrial Property In Miami-Dade For $20M With Brokers Wayne Ramoski & Kemp Conrad
4343 NW 77th St Miami, FL 33147, USA
$20,000,000
$714/SF
Building Size
28,000 SF
Asset Type
Industrial
Closing
Dec 8, 2022
AI
The industrial property located at 4343 NW 77th Street in Miami-Dade has been sold in a recent transaction. Spanning across 5.6 acres, this property offers ample space for various industrial activities.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $20,000,000
- Date: 12/08/2022
The buyer of this property is Stockbrigde, while the seller is DJD Real Estate Holdings. The sale was facilitated by Wayne Ramoski and Kemp Conrad from Cushman & Wakefield, who represented the respective parties in the deal.
The property measures 28,000 square feet and was sold at a price of $714 per square foot, reflecting the value of this industrial asset.
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93