MDH F1 Miami NW 74 LLC Acquires Industrial Property In Liberty City For $8.9M
SOLD
$8,900,000
+ 4
Florida
See Similar DealsIndustrial1,682,000 SF
Sold 12/19/2019
SOLD
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
See Similar DealsIndustrial1,682,000 SF
Sold 12/19/2019
+ 4
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$5
Total Square Footage:1,682,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$474,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,619.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,190.54
Annual Debt Service$506,286.49
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