Updated Oct 28, 2024
Pointer Real Estate Acquires Six Industrial Properties In Allapattah For $32.25M
Allapattah, Miami, Florida, United States
$32,250,000
$318/SF
Building Size
101,235 SF
Asset Type
Industrial
Closing
Mar 29, 2022
About this deal
AI
Six Industrial Properties in Allapattah were sold in a recent transaction. The industrial asset was sold for a price of $32,250,000. The property spans a total area of 101,235 square feet, resulting in a price per square foot of $319.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $32,250,000
- Address: Six Industrial Properties
- Market: Allapattah
Pointer Real Estate purchased the Six Industrial Properties from Hawkins Park Properties. Ladder Capital provided the financing for the transaction.
The industrial sale at Allapattah, Miami, Florida, United States in Miami, Florida sold for $32.3M in 2022. The building is 101,235 square feet, implying about 318 per square foot on the published price. This page is the Miami, Florida file for the Allapattah, Miami, Florida, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Miami sit in the Market section below. Filter that Miami industrial set by closing date to see what else sold near Allapattah, Miami, Florida, United States around 2022. Published consideration for Allapattah, Miami, Florida, United States is $32.3M, dated 2022. Cite this Pointer Real Estate Acquires Six Industrial Properties In Allapattah For $32.25M sale when underwriting similar industrial product around Miami, Florida.
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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93