Updated Nov 29, 2024
CP Logistics Miami 95 LLC Acquires Industrial Property In Miami Dade From New Dairy Florida LLC For $21.75M
501 Northeast 181st Street, North Miami Beach, Florida 33162, United States
$21,750,000
$255/SF
Building Size
84,985 SF
Asset Type
Industrial
Closing
Apr 4, 2022
About this deal
AI
A property located at 501 NE 181 Street in Miami Dade has been sold in a recent transaction. The industrial property spans approximately 9.4 acres and is part of the Miami Dade market. The sale took place on April 5th, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $21,750,000
- Address: 501 NE 181 Street
- Market: Miami Dade
- Acres: 9.4
The buyer of the property is CP Logistics Miami 95 LLC, represented by Panattoni Development Co. and Adon Panattoni. On the other hand, the seller is New Dairy Florida LLC, represented by Capital Peak Partners.
The property has a total area of 84,985 square feet and was sold at a price of $256 per square foot.
Players
North Miami Beach 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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93