RLF Acquisitions Acquires Industrial Property In Medley For $15M
9455 NW 104th St
$15,000,000
$86/SF
Building Size
173,981 SF
Asset Type
Industrial
Closing
Aug 4, 2022
AI
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
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93