Jamie Mandel Of Centner Development Acquires Industrial Property In Miami For $2.75M From Frank Caudle
7545 Northwest 26th Avenue
$2,750,000
$183/SF
Building Size
15,000 SF
Asset Type
Industrial
Closing
Nov 27, 2024
AI
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.
Players
Miami 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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93