LoKation® Real Estate Acquires Industrial Property In North Miami For $2.5M
SOLD
$2,500,000
Florida
See Similar DealsIndustrial10,807 SF
Sold 10/12/2023
SOLD
LoKation® Real Estate Acquires Industrial Property In North Miami For $2.5M
660 Northwest 137th Street
See Similar DealsIndustrial10,807 SF
Sold 10/12/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$231
Total Square Footage:10,807 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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