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7600 Northwest 82nd Place, ...

Truist Securities Acquires Industrial Property In Medley For $59.4M
SOLDIndustrial

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

Brian Shanfeld

JLL

Broker

$114.7M

vol

2 deals

Broker
TS
Truist SecuritiesBuyer
Allison McLeod

Allison McLeod

Truist Securities

Buyer

$75M

vol

4 deals

Buyer
QF
Quirch FoodsSeller

Medley 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

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93