Italkraft Acquires 67000 SF Property At 6900 NW 77th Ct Miami With Frank Trelles As Buyer's Rep
6900 NW 77th Ct, Miami, FL, 33166
Building Size
67,000 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
A 67,000 square foot industrial property located at 6900 NW 77th Ct, Miami, FL, 33166 has been sold. The property is situated in the Miami market and boasts a favorable location with frontage to the Palmetto Expressway (SR-826), providing significant exposure for retail operations in the kitchen and bath business.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 6900 NW 77th Ct, Miami, FL, 33166
- Buyer: Italkraft
- Seller: Unknown
- Buyer’s Representative: Frank Trelles - State Street Realty
- Seller’s Representatives: Rene Vivo and Tommy Gil - Vivo Group
- Market: Miami
- Square Footage: 67,000
The acquisition was facilitated by Frank Trelles, SIOR, Vice President of State Street Realty, alongside Armando Romero of Broker Nation, who represented Italkraft in the transaction. The seller's representation was handled by Rene Vivo and Tommy Gil from the Vivo Group. According to Trelles, the thriving South Florida industrial market has made it increasingly difficult to locate high-quality warehouses at reasonable prices, making this acquisition a strategic move for Italkraft's expansion.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93