facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

7481 Riviera Boulevard

Seagis Acquires Industrial Property In Miramar For $13.3M
SOLDIndustrial

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

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

Players

Tommy Gil

Voro Real Estate

Broker

$31.6M

vol

3 deals

Broker
S
SeagisBuyer
M
MegacenterSeller

Miramar Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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