Updated Dec 21, 2023
Zachary Vella & John Olsen Acquire Warehouse In Miami,FL For $20.7M
517 Northwest South River Drive, Miami, Florida 33136, United States
$20,734,000
Building Size
—
Asset Type
Industrial
Closing
Aug 22, 2022
About this deal
AI
The warehouse located at 517 NW South River Dr & 555 NW South River Dr in Miami, FL has been sold for a total price of $20,734,000. The property is a warehouse and was sold on August 23, 2022.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $20,734,000
- Address: 517 NW South River Dr & 555 NW South River Dr, Miami, FL
Zachary Vella & John Olsen purchased the property from Terryl Zerby.
The industrial sale at 517 Northwest South River Drive, Miami, Florida 33136, United States in Miami, Florida sold for $20.7M in 2022. 517 Northwest South River Drive, Miami, Florida 33136, United States is classified as Industrial on Traded. Named participants on the 517 Northwest South River Drive, Miami, Florida 33136, United States sale are Terryl Zerby, John Olsen. This page is the Miami, Florida file for the 517 Northwest South River Drive, Miami, Florida 33136, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Miami sit in the Market section below. Filter that Miami industrial set by closing date to see what else sold near 517 Northwest South River Drive, Miami, Florida 33136, United States around 2022. Published consideration for 517 Northwest South River Drive, Miami, Florida 33136, United States is $20.7M, dated 2022. Cite this Zachary Vella & John Olsen Acquire Warehouse In Miami,FL For $20.7M sale when underwriting similar industrial product around Miami, Florida.
On the Map
$20,734,000
Industrial
View full map
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93