Updated Dec 4, 2024
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
Medford 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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93