Updated Oct 29, 2024
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
About this deal
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.
On the Map
$4,100,000
$146/SF
Industrial
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Players
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