Angelo Gordon Acquires Industrial Property From Jorge J Garcia In Miami, FL
SOLD
$3,108,250
Florida
See Similar DealsIndustrial5 SF
Sold 12/13/2022
SOLD
Angelo Gordon Acquires Industrial Property From Jorge J Garcia In Miami, FL
9330 Northwest 109th Street, Medley, Florida 33178, United States
See Similar DealsIndustrial5 SF
Sold 12/13/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$621,650
Total Square Footage:5 SF
Transaction Type:Sale
The industrial property located at 9330 NW 109th St in Miami, FL has been sold. The property spans across 5,740 square feet and was sold for a price of $3,108,250, resulting in a price per square foot of $541. The transaction took place on 12/13/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,108,250
- Square Footage: 5,740
- Price Per Square Foot: $541
- Address: 9330 NW 109th St, Miami, FL
- Market: Miami, FL
The buyer of the industrial property is Angelo Gordon, while the seller is Jorge J Garcia.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,773.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,042.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,734.69
Annual Debt Service$176,816.29
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