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9315 Northwest 112th Avenue...

Edgeconnex Acquires Industrial Property In Medley For $13.7M
SOLDIndustrial

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

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.

Players

E
EdgeconnexBuyer

Juan Fayen

Seller

$37.7M

vol

3 deals

Seller

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