Updated Oct 28, 2024
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
About this deal
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%.
The industrial sale at 8050 Northwest 90th Street, Medley, Florida 33166, United States in Medley, Florida sold for $20M in 2022. 8050 Northwest 90th Street, Medley, Florida 33166, United States is classified as Industrial on Traded. Named participants on the 8050 Northwest 90th Street, Medley, Florida 33166, United States sale are Blake Baird, Michael A. Coke. This page is the Medley, Florida file for the 8050 Northwest 90th Street, Medley, Florida 33166, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Medley sit in the Market section below. Filter that Medley industrial set by closing date to see what else sold near 8050 Northwest 90th Street, Medley, Florida 33166, United States around 2022. Published consideration for 8050 Northwest 90th Street, Medley, Florida 33166, United States is $20M, dated 2022. Cite this Terreno Realty Corporation Acquires Industrial Property In Medley For $20M sale when underwriting similar industrial product around Medley, Florida.
On the Map
$20,000,000
Industrial
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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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93