A&D Group Realty Sells Medley Industrial Property For $7.025M
9950 Northwest South River Drive, Medley, FL, USA
$7,025,000
$29/SF
Building Size
237,283 SF
Asset Type
Industrial
Closing
Nov 5, 2021
AI
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.
Medley Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.26%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93