Longpoint Partners Acquires Industrial Property From Pan American Paper's Inc. For $10.65M
5101 Northwest 37th Avenue
$10,650,000
$146/SF
Building Size
72,886 SF
Asset Type
Industrial
Closing
Jan 14, 2025
AI
The industrial asset located at 5101 Northwest 37th Avenue in Miami features a sale price of $10,650,000, encompassing a total square footage of 72,886, and a price per square foot of $146.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $10,650,000
- Buyer: Longpoint Partners
- Seller: Pan American Paper's Inc.
- Broker: Will Falero, SIOR - Pro Industrial LLC
Will Falero, representing Pro Industrial LLC, facilitated the transaction between Longpoint Partners and Pan American Paper's Inc., ensuring that the sale proceeded smoothly in the Miami market.
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
1.49%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93