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8440 NW 64 St

Longpoint Partners Acquires Industrial Asset In Miami For $30M With Broker Will Falero
SOLDIndustrial

Longpoint Partners Acquires Industrial Asset In Miami For $30M With Broker Will Falero

8440 NW 64 St, 8450 Northwest 64th Street, 1900 Northwest 133rd Avenue, 2000 Northwest 133rd Avenue, 2090 Northwest 133rd Avenue & 8615 Northwest 64th Street

$30,000,000

$39/SF

Building Size

756,738 SF

Asset Type

Industrial

Closing

Jan 10, 2024

AI

The industrial property located at 8440-8450 Northwest 64th Street, 1900, 2000, 2090 Northwest 133rd Avenue & 8615 Northwest 64th Street in Miami has been sold for a total of $30,000,000. The property has a size of 126,123 square feet and a price per square foot of $238.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $30,000,000
  • Square Footage: 126,123
  • Price per Square Foot: $238
  • Address: 8440-8450 Northwest 64th Street, 1900, 2000, 2090 Northwest 133rd Avenue & 8615 Northwest 64th Street, Miami
  • Market: Miami

The buyer of the property is Alex Sanchez, representing Longpoint Partners, and the transaction was facilitated by broker Will Falero.

Players

Will Falero

Pro Industrial

Broker

$54.3M

vol

5 deals

Broker
Colliers
ColliersBrokerage
Alex Sanchez

Alex Sanchez

Longpoint Realty Partners

Buyer

$51M

vol

4 deals

Buyer

Miami 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

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93