Big Move Properties Acquires Industrial Asset In Little River For $3 Million
SOLD
$3,000,000
Florida
See Similar DealsIndustrial57,187 SF
Sold 11/15/2021
SOLD
Big Move Properties Acquires Industrial Asset In Little River For $3 Million
810 Northwest 72nd Street, Little River, Miami, FL, USA
See Similar DealsIndustrial57,187 SF
Sold 11/15/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$52
Total Square Footage:57,187 SF
Transaction Type:Sale
The industrial property located at 810 NW 72 Street in Little River has been sold in a transaction that closed on November 15, 2021. The property spans approximately 57,187 square feet, with a sale price of $3,000,000, resulting in a price per square foot of $52.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,000,000
- Market: Little River
The buyer, Big Move Properties, acquired the property from the seller, Howard Roark. Jonathan Eismann, representing Gridline Properties, acted as the buyer's representative in the deal, while Alfredo Riascos, also from Gridline Properties, represented the seller.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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