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6501 NW 37th Ave, Miami, FL...

O'Donnell Group Acquires Industrial Property In Hialeah For $7.6M
SOLDIndustrial

O'Donnell Group Acquires Industrial Property In Hialeah For $7.6M

6501 NW 37th Ave, Miami, FL 33147, USA

$7,600,000

$99/SF

Building Size

76,227 SF

Asset Type

Industrial

Closing

Apr 21, 2020

AI

An industrial property located at 6501 Northwest 37th Ave in Hialeah has been sold for $7,600,000. The property spans across 76,227 square feet and was sold at a price of $99 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $7,600,000
  • Address: 6501 Northwest 37th Ave, Hialeah
  • Market: Hialeah

The buyer of this property is the O'Donnell Group, while the seller is JMMD Investment Group LLC, represented by Jimmy Ng. The transaction was facilitated by the brokers Paul Ahmed and Mackenzie Fry from CBRE, as well as Jake Zebede, Tom O'Loughlin, and Larry Genet, also from CBRE.

Players

Larry Genet

CBRE

Broker

$436M

vol

57 deals

Broker
Jake Zebede
Verified Badge

Jake Zebede

Trustone Realty Advisors

Broker

$333.7M

vol

16 deals

Broker
OG
O’Donnell GroupBuyer

Jimmy Ng

Seller

$17.6M

vol

2 deals

Seller

Hialeah 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

2.09%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93