SOLDIndustrial
Factory Town Holdings LLC Acquires Industrial Property In Miami For $10.5M
4800 NW 37th Ave, Miami, FL, USA
$10,500,000
$155/SF
Building Size
67,366 SF
Asset Type
Industrial
Closing
Aug 5, 2021
AI
The industrial property located at 4800 NW 37th Ave in Miami has been sold for $10,500,000. The property spans a total area of 67,366 square feet, resulting in a price per square foot of $156.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,500,000
- Square Footage: 67,366
- Price per Square Foot: $156
- Address: 4800 NW 37th Ave, Miami
The buyer of the property is Factory Town Holdings LLC, represented by their broker. The seller of the property is Michael Simkins.
Hialeah 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93