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The O'Donnell Group Acquires Industrial Property In Miami From Forte Capital Management

Property Image
SOLD
$6,530,540
Tom O'Loughlin
Larry Genet
Jake Zebede

Florida

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Industrial59,346 SF
Sold 05/18/2020
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Property Image
SOLD

The O'Donnell Group Acquires Industrial Property In Miami From Forte Capital Management

6721 Northwest 36th Street

See Similar Deals
Industrial59,346 SF
Sold 05/18/2020
Tom O'Loughlin
Larry Genet
Jake Zebede
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$110
Total Square Footage:59,346 SF
Transaction Type:Sale

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.

Players

Larry Genet
CBRE
Larry Genet
57 deals$436M volume(305) 807-0004
BROKER
Jake Zebede
Trustone Realty Advisors
Jake Zebede
16 deals$333.7M volume
BROKER
Tom O'Loughlin
CBRE
Tom O'Loughlin
56 deals$831.7M volume(954) 817-3919
BROKER
TG
The O’Donnell Group
BUYER
OG
O’Donnell Group
BUYER
FM
Forte Capital Management
SELLER

Details

SOLD
IMAGE: Tom O'Loughlin, Jake Zebede & Larry Genet DATE: 05/18/2021 ADDRESS: 6721 NW 36th Ave MARKET: Miami ASSET TYPE: Industrial BUYER: The O'Donnell Group SELLER: Forte Capital Management SELLER'S REP: Larry Genet, Tom O'Loughlin & Jake Zebede - CBRE SALE PRICE: $6,530,540 SF: 59,346 ~ PPSF: $110 NOTE: Thrilled to have completed another sale in Hialeah! The building will be made immediately available for resale or lease. Drop a note if interested.

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,201.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,958.09
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