Updated Nov 28, 2024
Prologis Acquires Industrial Property In Medley For $22.6M
9401 Northwest 106th Street, Medley, FL 33178
$22,580,000
$516/SF
Building Size
43,700 SF
Asset Type
Industrial
Closing
Dec 13, 2021
About this deal
AI
The industrial property located at 9401 NW 106th St. in Medley, with an area of 8.56 acres, has been sold. The transaction took place on 12/13/2021. The buyer of the property is Prologis, represented by Hamid R. Moghadam. The seller is K.D.D. Enterprises.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $22,580,000
- Square Footage: 43,700
- Price Per Square Foot: $517
- Market: Medley
Hamid R. Moghadam, representing Prologis, played a key role as the buyer's representative in this industrial property sale.
Players
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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93