Seagis Acquires Industrial Property In Miramar For $13.3M
SOLD
$13,300,000
Florida
See Similar DealsIndustrial60,831 SF
Sold 02/01/2022
SOLD
Seagis Acquires Industrial Property In Miramar For $13.3M
7481 Riviera Boulevard
See Similar DealsIndustrial60,831 SF
Sold 02/01/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$218
Total Square Footage:60,831 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$709,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,252.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,048.79
Annual Debt Service$756,585.42
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