Updated Nov 24, 2023
Ken Hobson - Marcus & Millichap Sells Melbourne Industrial Portfolio For $20.2M
Melbourne Industrial Portfolio
$20,200,000
$124/SF
Building Size
162,400 SF
Asset Type
Industrial
Closing
Jan 24, 2023
About this deal
AI
The Melbourne Industrial Portfolio in Melbourne has been sold for a transaction amount of $20,200,000. The industrial property spans over 162,400 square feet and is located at an undisclosed address. This sale represents a price per square foot of $124.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $20,200,000
- Square Footage: 162,400
- Price Per Square Foot: $124
- Market: Melbourne
- Broker: Ken Hobson - Marcus & Millichap
Ken Hobson from Marcus & Millichap was the broker representing the parties involved in this transaction.
Players
Melbourne 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
0.79%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93