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7315 Northwest 32nd Avenue

Updated Dec 4, 2024

Harbor Equity Partners Acquires Industrial Property In Miami For $5.7M
SOLDIndustrial

Harbor Equity Partners Acquires Industrial Property In Miami For $5.7M

7315 Northwest 32nd Avenue & 7335 Northwest 32nd Avenue

$5,700,000

$81/SF

Building Size

34,820 SF

Asset Type

Industrial

Closing

Sep 19, 2023

About this deal

AI

The industrial property located at 7315-7335 Northwest 32nd Avenue in Miami has been sold for $5,700,000. The property spans 34,820 square feet, resulting in a price per square foot of $164. The transaction took place on September 19, 2023.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $5,700,000
  • Square Footage: 34,820
  • Price per Square Foot: $164
  • Address: 7315-7335 Northwest 32nd Avenue, Miami

The buyer of the property is Harbor Equity Partners, represented by Joel Lusky and Zalmy Shapiro. The seller is Lydia Westdickenberg. The brokers involved in this transaction are Adam H. Klein and Elon Gerberg from SVN.

The brokers expressed their satisfaction in being able to facilitate another successful closing, especially in a difficult market. They extend their gratitude to all parties involved for their contributions in reaching the finish line. For further inquiries or to discuss their other listings, they can be contacted at 516-445-3070 or Elon Gerberg.

Players

Adam H. Klein

Vision Real Estate Advisors

Broker

$145.1M

vol

42 deals

Broker

Medford Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $81 per square foot on a published $5.7M for 69,640 square feet (2023).

Visit Elon Gerberg to view all their deals.

Browse Medford industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.78%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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