Ivy Realty Acquires Industrial Property In Miami From The Apollo Group For $26M
SOLD
$26,000,000
Florida
See Similar DealsIndustrial213,131 SF
Sold 04/15/2021
SOLD
Ivy Realty Acquires Industrial Property In Miami From The Apollo Group For $26M
6950 Northwest 77th Court, Miami, FL 33166, USA
See Similar DealsIndustrial213,131 SF
Sold 04/15/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$122
Total Square Footage:213,131 SF
Transaction Type:Sale
The industrial property located at 6950 NW 77th Ct in Miami has been sold in a transaction. The sale took place on April 15, 2021. The property, with a total area of 213,131 square feet, was purchased by Ivy Realty from The Apollo Group. The sale price for the property was $26,000,000, resulting in a price per square foot of $122.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $26,000,000
- Address: 6950 NW 77th Ct
- Market: Miami
Chris Spear, from an undisclosed agency, represented Ivy Realty as the buyer in this deal.
Players
BROKERAGE
BUYER
SELLER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$92,372.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$123,253.26
Annual Debt Service$1,479,039.17
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