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6500 Nw 72 Ave

Serdar Sokelen Acquires Industrial Property On NW 72 Ave, Miami For $12.75M
SOLDIndustrial

Serdar Sokelen Acquires Industrial Property On NW 72 Ave, Miami For $12.75M

6500 Nw 72 Ave

$12,750,000

$240/SF

Building Size

53,005 SF

Asset Type

Industrial

Closing

Jan 20, 2023

AI

The property at 6500 NW 72 Ave in Miami has been sold for a total price of $12,750,000. It is an industrial asset with a total square footage of 53,005. The property consists of 40,000 square feet of warehouse space. The sale price per square foot is $241.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $12,750,000
  • Address: 6500 NW 72 Ave, Miami
  • Market: Miami

The buyer of the property is Serdar Sokelen, while the seller is Agustín Aguera. The brokers involved in the deal are George Smith and Seth Woods from Smith Commercial Property Group. Gerson Sotolongo from City National Private Medical Group acted as the lender for this transaction.

Smith Commercial is pleased to announce the sale of 6500 NW 72 Ave. Smith represented both the buyer and seller. For more information about your property's value or to discuss your investment goals, you can reach out to Smith Commercial at 305-359-6119.

Players

George Smith

Smith Commercial Property Group

Broker

$159.2M

vol

18 deals

Broker

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

1.24%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93