Jamie Mandel Of Centner Development Acquires Industrial Property In Miami For $2.75M From Frank Caudle
SOLD
Florida
See Similar DealsIndustrial15,000 SF
Sold
SOLD
Jamie Mandel Of Centner Development Acquires Industrial Property In Miami For $2.75M From Frank Caudle
7545 Northwest 26th Avenue
See Similar DealsIndustrial15,000 SF
Sold
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$183
Total Square Footage:15000 SF
Transaction Type:Sale
The industrial property located at 7545 Northwest 26th Avenue in Miami was sold for $2,750,000. The asset comprises 15,000 square feet and was priced at $183 per square foot.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $2,750,000
- Address: 7545 Northwest 26th Avenue
- Market: Miami
- Buyer: Jamie Mandel - Centner Development
- Seller: Frank Caudle
- Brokers: Adam H. Klein, Elon Gerberg & Arjun Arora - SVN
- Square Footage: 15,000
- Price Per Square Foot: $183
The ROI Group of SVNCP facilitated this transaction and noted that over 10 offers were received for the property. The selected buyer provided a non-refundable deposit at the signing of the contract, which played a critical role in the decision-making process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
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