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9501 Northwest 106th Street...

SWS Investments Acquires Industrial Property In Medley For $6.5M
SOLDIndustrial

SWS Investments Acquires Industrial Property In Medley For $6.5M

9501 Northwest 106th Street, Medley, FL, USA

$6,500,000

$19/SF

Building Size

326,700 SF

Asset Type

Industrial

Closing

Feb 9, 2020

AI

An industrial property located at 9501 Northwest 106th Street in Medley has been sold for $6,500,000. The property spans 326,700 square feet, resulting in a price per square foot of $19. The buyer, SWS Investments LLC, was represented by Juan C. Alvarez. The seller, Medley Enterprises, was represented by Joseph M. Jackson. The deal was facilitated by Freddy Diaz of Apex Capital Realty.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,500,000
  • Square Footage: 326,700
  • Price per Square Foot: $19
  • Address: 9501 Northwest 106th Street
  • Market: Medley

The buyer in this transaction, SWS Investments LLC, was represented by Juan C. Alvarez. On the seller's side, Medley Enterprises was represented by Joseph M. Jackson. Freddy Diaz from Apex Capital Realty facilitated the deal.

Players

Freddy Diaz

Berkshire Hathaway HomeServices

Broker

$7.9M

vol

2 deals

Broker

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

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93