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500 Northeast 185th Street,...

Yukon Venture Partners Acquires Industrial Cold Storage In Miami For $4.1M
SOLDIndustrial

Yukon Venture Partners Acquires Industrial Cold Storage In Miami For $4.1M

500 Northeast 185th Street, Miami, FL, USA

$4,100,000

$146/SF

Building Size

28,000 SF

Asset Type

Industrial

Closing

Mar 30, 2021

AI

The industrial property located at 500 NE 185th Street in Miami was recently sold for a price of $4,100,000. The property is an industrial cold storage facility with a total area of 28,000 square feet. This transaction was completed on 03/31/2021.

Summary of transaction details

  • Property Type: Industrial - Cold Storage
  • Transaction Amount: $4,100,000
  • Address: 500 NE 185th Street, Miami
  • Square Footage: 28,000

The buyer of this property is Yukon Venture Partners, represented by Martin Khait and Oliver Davis-Urman. The seller is Cold Storage Associates, and their representative in the deal is George Smith from Mandich Real Estate Advisors. The debt brokerage for this transaction was handled by Luis Castillo and Melissa Rose from JLL.

Players

Luis Castillo

JLL

Broker

$2.2B

vol

57 deals

Broker

Oliver Davis-Urman

Buyer

$18.7M

vol

2 deals

Buyer

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

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93