Terreno Realty Corporation Acquires Industrial Property In Miami For $4.7M
7045 Northwest 46th Street, Miami, Florida 33166, United States
$4,700,000
$293/SF
Building Size
16,000 SF
Asset Type
Industrial
Closing
Oct 23, 2022
AI
The industrial property located at 7045 NW 46th Street in Miami was sold for a transaction price of $4,700,000. The property spans 16,000 square feet and is situated on 0.7 acres of land. This transaction was completed on October 24, 2022. The buyer of the property was Terreno Realty Corporation, represented by Blake Baird and Michael A. Coke.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,700,000
- Square Footage: 16,000
- Address: 7045 NW 46th Street, Miami
- Market: Miami
Blake Baird and Michael A. Coke, representing Terreno Realty Corporation, played crucial roles in the completion of this 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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93