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Link Logistics & Flyers Energy Acquires Industrial Property In Miami For $23.5M

Property Image
SOLD
$23,500,000
Patrick McBride
Edison Vasquez
+ 2

Florida

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Industrial
Sold 06/12/2023
the dealplayerscompscontact
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SOLD

Link Logistics & Flyers Energy Acquires Industrial Property In Miami For $23.5M

6001 NW 74th Ave Miami, FL 33166, USA

See Similar Deals
Industrial
Sold 06/12/2023
Patrick McBride
Edison Vasquez
+ 2
Contact now

Summary

FLORIDA
Asset Type:Industrial
Transaction Type:Sale

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:

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

Chris Spear
11 deals$136.2M volume(786) 433-2099
BROKER

Edison Vasquez
ComReal
10 deals$84.8M volume(786) 433-2383
BROKER

Patrick McBride
ComReal
9 deals$88.9M volume
BROKER

Michaela Senior
ComReal
7 deals$69.4M volume(305) 497-4502
BROKER

Link Logistics Real Estate
BROKERAGE



2 deals$39M volume
SELLER

Details

SOLD
IMAGE: Michaela Senior, Patrick McBride, Edison Vasquez & Chris Spear DATE: 06/12/2023 ADDRESS: 6001 Northwest 74th Avenue MARKET: Miami ASSET TYPE: Industrial BUYER: Link Logistics & Flyers Energy SELLER: Davant Development - Stuart Davant SELLER'S REP: Patrick McBride, Michaela Senior (@Michaelasenior_cre), Chris Spear & Edison Vasquez (@Edisonindustrial) - ComReal (@ComRealInternational) SALE PRICE: $23,500,000 ACRES: 8.36 ~ PPA: $2,811,005 NOTE FROM BROKER: Link Logistics has hired the ComReal team to market the 6.37 acre site for lease. For more information on the transaction or leasing availability, contact Pat McBride with the ComReal Industrial Team at 305-619-2937 or [email protected]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,253,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$83,490.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$111,401.99
Annual Debt Service$1,336,823.87