Updated Oct 29, 2024
Seagis Acquires Industrial Property In Miramar For $13.3M
7481 Riviera Boulevard
$13,300,000
$218/SF
Building Size
60,831 SF
Asset Type
Industrial
Closing
Feb 1, 2022
About this deal
AI
The industrial property located at 7481 Riviera Blvd in Miramar has been sold for a total price of $13,300,000. The transaction took place on February 1, 2022. This property has a total square footage of 60,831, resulting in a price per square foot of $219.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,300,000
- Address: 7481 Riviera Blvd
- Market: Miramar
Seagis purchased the property from Megacenter, with Tommy Gil from Vivo Real Estate Group representing the buyer and Bryan Demello from Megacenter US LLC representing the seller in this transaction.
Note: Image credits go to Patricio Ureta, Bryan Demello, and Bradlee Lord
On the Map
$13,300,000
$218/SF
Industrial
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Miramar 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
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93