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
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