Ivy Realty Acquires Industrial Property In Miami-Dade County For $13.25M
650 NE 185th St, Miami, FL 33179, USA
$13,250,000
$165/SF
Building Size
80,000 SF
Asset Type
Industrial
Closing
Jul 7, 2020
AI
Located in Miami-Dade County, the industrial property at 650 Northeast 185th Street has been sold in a recent closed transaction. The sale was finalized on 07/08/2020, with a sale price of $13,250,000. The property spans over 80,000 square feet, resulting in a price per square foot of $165.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $13,250,000
- Address: 650 Northeast 185th Street
- Market: Miami-Dade County
- Square Footage: 80,000
- Price per Square Foot: $165
Ivy Realty, represented by Anthony P. DiTommaso Jr., acted as the buyer in this transaction. On the other hand, Clement Zanzuri's Best Freezer Holdings LLC was the seller. The deal was facilitated by brokers Larry Genet, Jake Zebede, Tom O'Loughlin, Edward Redlich, and Michael Weihl. Additional information regarding financing or any other notable details is not available at this time.
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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93