Updated Oct 28, 2024
Cudlob Capital Acquires Industrial Property In Miami Gardens For $6.8M
4790 Northwest 157th Street, Miami Gardens, Florida 33054, United States
$6,775,000
$212/SF
Building Size
31,919 SF
Asset Type
Industrial
Closing
May 19, 2022
About this deal
AI
A industrial property located at 4790, 4740 & 4720 NW 157th Street in Miami Gardens has been sold for $6,775,000. The property spans 2.66 acres and features a total of 31,919 square feet. The sale price per square foot is $212.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,775,000
- ACRES: 2.66
- SF: 31,919
- PPSF: $212
- Address: 4790, 4740 & 4720 NW 157th Street, Miami Gardens
- Market: Miami Gardens
The buyer of the property is Cudlob Capital, represented by John Broe. The seller is Kapco International, represented by Lawrence Kaplan. Axiom Capital Advisors, represented by Jose Sasson and Roberto Susi, served as the buyer's representatives. Transworld Commercial Real Estate, represented by Alan Kaye and Peter Berg, acted as the seller's representatives in the transaction.
Note from Axiom Capital Advisors: We specialize in sourcing and facilitating off-market transactions, please feel free to reach out to Jose Sasson @ (786) 393-8089 or via email [email protected]
Players
Miami Lakes 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
2.34%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93