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8230 Northwest 80th Street,...

Zenith IOS Acquires Industrial Property In Medley For $9.1M With Buyer's Rep Jose Sasson & Seller's Rep Lee Katsikos
SOLDIndustrial

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

$9,100,000

$69/SF

Building Size

130,947 SF

Asset Type

Industrial

Closing

Jun 26, 2022

AI

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].

Players

Jose Sasson Lerner

AXIOM Capital Advisors

Broker

$872.9M

vol

77 deals

Broker

Benjamin Atkins

Zenith Industrial Outdoor Storage

Buyer

$211.8M

vol

8 deals

Buyer

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

1.74%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93