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6721 Northwest 36th Street

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

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

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.

Players

Larry Genet

CBRE

Broker

$454.4M

vol

62 deals

Broker
TG
The O’Donnell GroupBuyer
FM
Forte Capital ManagementSeller

Miami Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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