Dwight Angelini, Reid Parker & Nilesh Bubna Acquire Miami Warehouse For $9.5M
SOLD
$9,500,000
Florida
See Similar DealsIndustrial54,488 SF
Sold 01/10/2022
SOLD
Dwight Angelini, Reid Parker & Nilesh Bubna Acquire Miami Warehouse For $9.5M
8150 Northwest 64th Street, Miami, Florida 33166, United States
See Similar DealsIndustrial54,488 SF
Sold 01/10/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$174
Total Square Footage:54,488 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$506,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16
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