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A&D Group Realty Sells Medley Industrial Property For $7.025M

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SOLD
$7,025,000

Florida

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Industrial237,283 SF
Sold 11/05/2021
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Property Image
SOLD

A&D Group Realty Sells Medley Industrial Property For $7.025M

9950 Northwest South River Drive, Medley, FL, USA

See Similar Deals
Industrial237,283 SF
Sold 11/05/2021
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$29
Total Square Footage:237,283 SF
Transaction Type:Sale

An industrial property located at 9950 NW South River Dr in Medley has been sold in a recent transaction. The property spans a total of 237,283 square feet and was listed for sale at an asking price of $7,850,000. The final sale price was recorded at $7,025,000, resulting in an approximate price per square foot of $30.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,025,000
  • Address: 9950 NW South River Dr, Medley
  • Market: Medley
  • Asking Price: $7,850,000
  • Square Footage: 237,283
  • Price per Square Foot: $30

Americo D`Agostini and Domenico Albano from A&D Group Realty represented the seller in this transaction.

Players

6 deals$38.4M volume
BROKER

Domenico Albano
7 deals$35.7M volume
BROKER

Details

SOLD
IMAGE: Domenico Albano & Americo D`Agostini DATE: 11/05/2021 ADDRESS: 9950 NW South River Dr MARKET: Medley ASSET TYPE: Industrial SELLER'S REP: Americo D`Agostini & Domenico Albano - A&D Group Realty ASKING PRICE: $7,850,000 SALE PRICE: $7,025,000 SF: 237,283 ~ PPSF: $30

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,958.34
Cash-on-Cash Return-1.27%
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