Dwight Angelini, Reid Parker & Nilesh Bubna Acquire Miami Warehouse For $9.5M
8150 Northwest 64th Street, Miami, Florida 33166, United States
$9,500,000
$174/SF
Building Size
54,488 SF
Asset Type
Industrial
Closing
Jan 9, 2022
AI
The warehouse located at 8150 Nw 64th St in Miami, FL was recently sold in a transaction that closed on 01/10/2022. The property spans an area of 54,488 square feet. The sale price for the warehouse was $9,500,000, resulting in a price per square foot of $174.
Summary of transation details
- Property Type: Warehouse
- Transaction Amount: $9,500,000
- Address: 8150 Nw 64th St, Miami, FL
- Market: Miami, FL
- Buyer: Dwight Angelini, Reid Parker & Nilesh Bubna
- Seller: Nilesh Bubna
- Square Footage: 54,488
- Price per Square Foot: $174
The warehouse transaction involved several key individuals and companies. The buyer group consisted of Dwight Angelini, Reid Parker, and Nilesh Bubna. Nilesh Bubna also served as the seller in this transaction.
Players
Miami 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93