Updated Oct 28, 2024
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
About this deal
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.
On the Map
$10,500,000
$155/SF
Industrial
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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