Terreno Realty Corporation Acquires Industrial Property In Medley For $20M
8050 Northwest 90th Street, Medley, Florida 33166, United States
$20,000,000
Building Size
—
Asset Type
Industrial
Closing
Jul 4, 2022
AI
The industrial property located at 8050 NW 90th Street in Medley has been sold. The property spans across 6.7 acres and was purchased by Terreno Realty Corporation, represented by Blake Baird & Michael Coke. The transaction took place on 07/05/2022.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $20,000,000 (Approx.)
- Cap Rate: 5.6%
Terreno Realty Corporation, with representation from Blake Baird & Michael Coke, acquired the property for approximately $20,000,000. The cap rate for this transaction is 5.6%.
Players
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93