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
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