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8200 Northwest 93rd Street,...

Updated Oct 28, 2024

VlietCo Enterprises Acquires Medley Industrial Property For $34.8M
SOLDIndustrial

VlietCo Enterprises Acquires Medley Industrial Property For $34.8M

8200 Northwest 93rd Street, Medley, FL 33166, USA

$34,800,000

$204/SF

Building Size

170,000 SF

Asset Type

Industrial

Closing

Aug 20, 2020

About this deal

AI

The industrial property located at 8200 Northwest 93rd Street in Medley has been sold in a recent transaction. The sale was completed on 08/20/2021, with VlietCo Enterprises, represented by Klaas Vlietstra, as the buyer. The seller of the property was ED Medley. The property spans across 170,000 square feet and is situated on 8.9 acres of land. The sale price for this transaction was $34,800,000, resulting in a price per square foot of $205. The price per acre was calculated to be $3,910,112.

Summary of Transaction Details:

  • Property Type: Industrial
  • Sale Price: $34,800,000
  • Square Feet: 170,000
  • Price per Square Foot: $205
  • Address: 8200 Northwest 93rd Street, Medley
  • Acres: 8.9
  • Price per Acre: $3,910,112

Melissa Rose and Cody Brais from JLL acted as the mortgage brokers for this transaction. They played a crucial role in facilitating the mortgage process for the buyer and ensuring a successful deal. With their expertise and industry knowledge, Melissa Rose and Cody Brais represented the interests of VlietCo Enterprises, assisting in securing the necessary financing for the purchase of the industrial property.

Players

Cody Brais

JLL

Broker

$1.9B

vol

41 deals

Broker

Medley Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $204 per square foot on a published $34.8M for 170,000 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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