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660 Northwest 137th Street

LoKation® Real Estate Acquires Industrial Property In North Miami For $2.5M
SOLDIndustrial

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

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.

Players

Anna Lunicheva

LoKation® Real Estate

Broker

$2.5M

vol

1 deal

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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93