Updated Oct 28, 2024
O’Donnell Group Acquires Industrial Property In Opa-locka For $17.1M
Opa Locka, Florida, United States
$17,090,000
$128/SF
Building Size
132,883 SF
Asset Type
Industrial
Closing
May 10, 2022
About this deal
AI
The industrial property located in Opa-locka has been sold for a total price of $17,090,000. The property spans an area of 132,883 square feet, resulting in a price per square foot of $129. The transaction took place on the 5th of November, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $17,090,000
- Market: Opa-locka
- Buyer: O’Donnell Group
- Seller: Rubin Family - Jason Rubin - Rose Rubin
- Lender: Ladder Capital Finance
- Square Footage: 132,883
- Price per Square Foot: $129
The buyer in this transaction was the O’Donnell Group, while the seller was the Rubin Family, represented by Jason Rubin. Jason Rubin is an American video game director. The lender involved in the deal was Ladder Capital Finance.
On the Map
$17,090,000
$128/SF
Industrial
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Players
Opa Locka 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93