Updated Oct 28, 2024
5960 Miami Lakes Drive LLC Acquires Industrial Property In Miami Lakes For $14.25M
5960 Miami Lakes Drive East, Miami Lakes, FL 33014, USA
$14,250,000
$126/SF
Building Size
112,742 SF
Asset Type
Industrial
Closing
May 18, 2020
About this deal
AI
A 112,742 square foot industrial property located at 5960 Miami Lakes Drive East in Miami Lakes has recently been sold. The property was purchased by 5960 Miami Lakes Drive LLC for a sale price of $14,250,000. The transaction took place on May 18, 2021.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $14,250,000
- Square Footage: 112,742
- Address: 5960 Miami Lakes Drive East
- Market: Miami Lakes
The seller of the property was Safari Ltd, represented by Alexandre Pariente. The buyer, 5960 Miami Lakes Drive LLC, acquired the property for a price of $126 per square foot. The property spans across 4.9 acres, with an approximate price per acre of $2,908,163.
Players
Miami Lakes 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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93