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5713 Northwest 27th Avenue,...

My Storage Bin Acquires Industrial Property In Miami For $6.05M
SOLDIndustrial

My Storage Bin Acquires Industrial Property In Miami For $6.05M

5713 Northwest 27th Avenue, Miami, FL, USA

$6,054,800

$115/SF

Building Size

52,372 SF

Asset Type

Industrial

Closing

Dec 27, 2020

AI

Located at 5713 Northwest 27th Avenue in Miami, this industrial property was recently sold in a closed transaction. The property spans over 52,372 square feet and is owned by Tuck it Away Birdgeport. The buyer, My Storage Bin, acquired the property for a sale price of $6,054,800. The transaction was facilitated by Donald Shapiro of Compass.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,054,800
  • Address: 5713 Northwest 27th Avenue
  • Market: Miami

Donald Shapiro, representing Compass, played a pivotal role in the successful completion of this deal between My Storage Bin and Tuck it Away Birdgeport. The sale price of $6,054,800 reflects a price per square foot (PPSF) of $116. This transaction highlights the active industrial market in Miami and the ongoing demand for storage facilities.

Players

Donald Shapiro

Compass

Broker

$58.8M

vol

10 deals

Broker

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

2.62%

Cash-on-Cash

-0.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93