Updated Oct 28, 2024
MIA Storage LLC Acquires Industrial Property In Florida For $11.75M
6950 Northwest 25th Street, Miami, FL 33122
$11,750,000
$178/SF
Building Size
65,996 SF
Asset Type
Industrial
Closing
Dec 10, 2021
About this deal
AI
The industrial property located at 6950 NW 25th Street in Florida has been sold for a total of $11,750,000. The property spans across 65,996 square feet, resulting in a price per square foot of $178. The transaction took place on 12/10/2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,750,000
- Address: 6950 NW 25th street, Florida
- Market: Florida
- Buyer: MIA Storage LLC - Bryan Lawrence
- Seller: G&H Group Of Florida LLC - Rodrigo Duque Cardona
- Buyer's Representative: Hector Duque - Moblat Investments
- Seller's Representative: Hector Duque - Moblat Investments
The buyer, MIA Storage LLC, was represented by Hector Duque from Moblat Investments. Similarly, the seller, G&H Group Of Florida LLC, was also represented by Hector Duque from Moblat Investments. These key individuals played a crucial role in the successful completion of the transaction.
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
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93