Zenith IOS Acquires Industrial Property In Medley For $9.1M With Buyer's Rep Jose Sasson & Seller's Rep Lee Katsikos
SOLD
$9,100,000
Florida
See Similar DealsIndustrial130,947 SF
Sold 06/27/2022
SOLD
Zenith IOS Acquires Industrial Property In Medley For $9.1M With Buyer's Rep Jose Sasson & Seller's Rep Lee Katsikos
8230 Northwest 80th Street, Medley, Florida 33166, United States
See Similar DealsIndustrial130,947 SF
Sold 06/27/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$69
Total Square Footage:130,947 SF
Transaction Type:Sale
Located in Medley, the industrial property at 8230 NW 80th St has been sold for a price of $9,100,000. The property spans an area of 130,947 square feet and was purchased by Zenith IOS, represented by Ben Atkins. The seller, Carlos C. Lopez, was represented by Lee Katsikos of The Katsikos Group. The sale took place on 06/27/2022.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $9,100,000
- Address: 8230 NW 80th St
- Market: Medley
- Buyer: Zenith IOS - Ben Atkins
- Seller: Carlos C. Lopez
- Buyer's Rep: Jose Sasson - Axiom Capital Advisors
- Seller's Rep: Lee Katsikos - The Katsikos Group
José Sasson from Axiom Capital Advisors provided representation for the buyer, while Lee Katsikos from The Katsikos Group represented the seller in this transaction. For future opportunities or information on off-market transactions, interested parties can contact José Sasson at 786-393-8089 or [email protected].
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$485,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,330.39
Cash-on-Cash Return-1.27%
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Annual Debt Service$517,663.71
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