Link Logistics & Flyers Energy Acquires Industrial Property In Miami For $23.5M
6001 NW 74th Ave Miami, FL 33166, USA
$23,500,000
Building Size
—
Asset Type
Industrial
Closing
Jun 12, 2023
AI
The industrial property located at 6001 Northwest 74th Avenue in Miami has been sold. The property spans 8.36 acres and was purchased by Link Logistics & Flyers Energy for a total price of $23,500,000. The sale price translates to approximately $2,811,005 per acre.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $23,500,000
- Address: 6001 Northwest 74th Avenue, Miami
- Market: Miami
- Buyer: Link Logistics & Flyers Energy
- Seller: Davant Development - Stuart Davant
- Seller's Rep: Patrick McBride, Michaela Senior , Chris Spear & Edison Vasquez - ComReal
- Acres: 8.36
- Price per Acre: $2,811,005
Link Logistics and Flyers Energy were represented by the ComReal team consisting of Patrick McBride, Michaela Senior, Chris Spear, and Edison Vasquez. The ComReal Industrial Team was hired by Link Logistics to market the site for lease, demonstrating their confidence in the property's potential for future transactions.
For more information on the transaction or leasing availability, interested parties can contact Pat McBride with the ComReal Industrial Team at 305-619-2937 or pmcbride@comreal.com.
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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93