Updated Nov 22, 2024
Blackstone Real Estate Advisors Acquires Industrial Property In Medley For $21.75M
7400 Northwest 79th Avenue, Medley, Florida 33166, United States
$21,750,000
$726/SF
Building Size
29,954 SF
Asset Type
Industrial
Closing
Dec 20, 2021
About this deal
AI
The industrial property located at 7400 NW 79th Ave in Medley was recently sold in a closed transaction. The property spans across 11.9 acres and is characterized by its industrial use.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $21,750,000
- Square Footage: 29,954
- Price per Square Foot: $726
- Address: 7400 NW 79th Ave, Medley
- Market: Medley
Blackstone Real Estate Advisors acted as the buyer in this transaction, while Sigma Equipment Co., represented by Raul Eiris, served as the seller.
Players
Medley Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93