Updated Oct 28, 2024
MSP Capital Investors Acquires Industrial Portfolio In Davie For $50M
Davie, Florida, United States
$50,000,000
$254/SF
Building Size
196,164 SF
Asset Type
Industrial
Closing
Jul 4, 2022
About this deal
AI
An industrial portfolio located in Davie has been sold for $50,000,000. The property spans 196,164 square feet, resulting in a price per square foot of $255. The transaction took place on July 5, 2022, with the buyer being MSP Capital Investors and the seller identified as Charles M. Rowards.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $50,000,000
- Address: Industrial Portfolio
- Market: Davie
- Square Footage: 196,164
- Price per Square Foot: $255
MSP Capital Investors represented the buyer in this deal, while Charles M. Rowards acted as the seller's representative.
Players
Davie 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93