A&D Group Realty Sells Medley Industrial Property For $7.025M
SOLD
Florida
See Similar DealsIndustrial237,283 SF
Sold 11/05/2021
SOLD
A&D Group Realty Sells Medley Industrial Property For $7.025M
9950 Northwest South River Drive, Medley, FL, USA
See Similar DealsIndustrial237,283 SF
Sold 11/05/2021
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$374,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,958.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,302.08
Annual Debt Service$399,625.01
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