Updated Oct 28, 2024
Edgeconnex Acquires Industrial Property In Medley For $13.7M
9315 Northwest 112th Avenue, Miami, Florida 33178, United States
$10,300,000
$208/SF
Building Size
49,333 SF
Asset Type
Industrial
Closing
Dec 22, 2021
About this deal
AI
Edgeconnex has acquired an industrial property located at Nw 112th Avenue & Nw 105th Street in Medley, Florida. The property spans 272,250 square feet and was sold for a price of $13,700,000, which translates to a price per square foot of $50. The transaction took place on January 9, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,700,000
- Address: Nw 112th Avenue & Nw 105th Street, Medley, Florida
- Market: Medley
The buyer, Edgeconnex, was represented by Nicolas Palazzo from CBRE, while the sellers, Juan Fayen and Juan Ramos, were represented by Yoly Viloria from Keller Williams. For inquiries about this property, Yoly Viloria can be reached at +1.954.562.3148 or [email protected]. You can also connect with her on Instagram at yolyviloriarealtor.
On the Map
$10,300,000
$208/SF
Industrial
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Players
Medley 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93