Updated Oct 29, 2024
MDH F1 Miami NW 74 LLC Acquires Industrial Property In Liberty City For $8.9M
1350 Northwest 74th Street, Miami, FL, USA & 1350 Northwest 74th Street, Miami, FL, USA
$8,900,000
$5/SF
Building Size
1,580,000 SF
Asset Type
Industrial
Closing
Dec 18, 2019
About this deal
AI
The industrial property located at 1350 Northwest 74th Street in Liberty City has been sold in a transaction worth $8,900,000. The property offers 102,000 square feet of space with a price per square foot of $87. The sale took place on December 19, 2019, and the transaction involved G&G Real Estate Investments LC as the seller and MDH F1 Miami NW 74 LLC as the buyer.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,900,000
- Address: 1350 Northwest 74th Street, Liberty City
- Market: Liberty City
- Square Footage: 102,000
- Price per Square Foot: $87
The transaction was facilitated by brokers Andy Charry from Apex Capital Realty and Ricardo Grinberg. Andy Charry represented the buyer, MDH F1 Miami NW 74 LLC, while Ricardo Grinberg represented the seller, G&G Real Estate Investments LC.
On the Map
$8,900,000
$5/SF
Industrial
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Players
Miami 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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93