Updated Oct 28, 2024
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
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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93