Ivy Realty Acquires Industrial Property In Miami From The Apollo Group For $26M
6950 Northwest 77th Court, Miami, FL 33166, USA
$26,000,000
$122/SF
Building Size
213,131 SF
Asset Type
Industrial
Closing
Apr 14, 2021
AI
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
Miami Springs 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93