Updated Oct 29, 2024
The O'Donnell Group Acquires Industrial Property In Miami From Forte Capital Management
6721 Northwest 36th Street
$6,530,540
$110/SF
Building Size
59,346 SF
Asset Type
Industrial
Closing
May 18, 2020
About this deal
AI
Located in Miami's industrial market, the property at 6721 NW 36th Ave has recently changed hands in a sale transaction. The industrial asset spans across a total area of 59,346 square feet and was sold for a price of $6,530,540, resulting in a price per square foot of $110.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,530,540
- Address: 6721 NW 36th Ave
- Market: Miami
The O'Donnell Group emerged as the buyer in this transaction. On the other side of the deal, Forte Capital Management acted as the seller. The representation for the seller was provided by Larry Genet, Tom O'Loughlin, and Jake Zebede from CBRE.
It is worth mentioning that the sale took place on May 18, 2021. The O'Donnell Group now owns the property and will have the opportunity to explore resale or leasing possibilities. Interested parties can reach out for further information.
On the Map
$6,530,540
$110/SF
Industrial
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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
2.43%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93