Updated Dec 4, 2024
LoKation® Real Estate Acquires Industrial Property In North Miami For $2.5M
660 Northwest 137th Street
$2,500,000
$231/SF
Building Size
10,807 SF
Asset Type
Industrial
Closing
Oct 12, 2023
About this deal
AI
Located at 660 Northwest 137th Street in North Miami, this industrial property was recently sold for $2,500,000. With a total square footage of 10,807, the price per square foot comes out to be $231. Anna Lunicheva from LoKation® Real Estate represented the buyer in this transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Square Footage: 10,807
- Price per Square Foot: $231
- Buyer's Representative: Anna Lunicheva - LoKation® Real Estate
This deal showcases the expertise and negotiation skills of Anna Lunicheva from LoKation® Real Estate, who successfully represented the buyer in the purchase of this industrial property in North Miami.
On the Map
$2,500,000
$231/SF
Industrial
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Players
North 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93