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
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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