Factory Town Holdings LLC Acquires Industrial Property In Miami For $10.5M
SOLD
$10,500,000
Florida
See Similar DealsIndustrial67,366 SF
Sold 08/06/2021
SOLD
Factory Town Holdings LLC Acquires Industrial Property In Miami For $10.5M
4800 NW 37th Ave, Miami, FL, USA
See Similar DealsIndustrial67,366 SF
Sold 08/06/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$155
Total Square Footage:67,366 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$559,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28
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