Updated Dec 11, 2024
Longpoint Realty Acquires Industrial Property In Miami For $11.75M
6960 Northwest 25th Street, Miami, Florida 33172, United States
$11,750,000
$255/SF
Building Size
46,008 SF
Asset Type
Industrial
Closing
Dec 21, 2021
About this deal
AI
Longpoint Realty has acquired an industrial property located at 6960 NW 25th Street in Miami. The property spans 1.52 acres and features a total square footage of 46,008. The transaction took place on December 22, 2021, with a sale price of $11,750,000, resulting in a price per square foot of $255. The seller of the property was Green Explosion.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,750,000
- Address: 6960 NW 25th Street, Miami
- Market: Miami
- Acres: 1.52
- Square Footage: 46,008
- Price Per Square Foot: $255
Longpoint Realty, represented by their broker, sealed the deal with Green Explosion as the seller. The successful acquisition of this industrial property adds to Longpoint Realty's diverse portfolio in the Miami market.
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