RLF Acquisitions Acquires Industrial Property In Medley For $15M
SOLD
$15,000,000
Florida
See Similar DealsIndustrial173,981 SF
Sold 08/04/2022
SOLD
RLF Acquisitions Acquires Industrial Property In Medley For $15M
9455 NW 104th St
See Similar DealsIndustrial173,981 SF
Sold 08/04/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$86
Total Square Footage:173,981 SF
Transaction Type:Sale
The industrial property located at 9455 NW 104th St in Medley has been sold for a total price of $15,000,000. The property spans 173,981 square feet, and the sale price equates to a price per acre of $3.75 million.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,000,000
- Square Footage: 173,981
- Address: 9455 NW 104th St, Medley
- Price per Acre: $3.75 million
The buyer in this transaction is RLF Acquisitions, while the seller is Nelson Ferreira. Acting as the seller's representatives were Andrew Fernandez and Nicolas Palazzo from the Miami Industrial Team at CBRE.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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