Truist Securities Acquires Industrial Property In Medley For $59.4M
7600 Northwest 82nd Place, Medley, Florida 33166, United States
$59,400,000
$333/SF
Building Size
178,000 SF
Asset Type
Industrial
Closing
Sep 21, 2022
AI
The industrial property located at 7600 Northwest 82nd Place in Medley has been sold. The property spans 15 acres and has a total square footage of 178,000. The sale took place on September 22, 2022.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $59,400,000
- Price per Square Foot: $334
- Address: 7600 Northwest 82nd Place
- Market: Medley
- Buyer: Truist Securities - Allison Mcleod & John Gregg
- Seller: Quirch Foods
- Brokers: Max La Cava & Brian Shanfeld - JLL
The buyer in this transaction was Truist Securities, represented by Allison Mcleod and John Gregg. The seller, Quirch Foods, enlisted the services of Max La Cava and Brian Shanfeld from JLL as their brokers.
Players
Medley 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93