O’Donnell Group Acquires Industrial Property In Opa-locka For $17.1M
SOLD
Florida
See Similar DealsIndustrial132,883 SF
Sold 05/11/2022
SOLD
O’Donnell Group Acquires Industrial Property In Opa-locka For $17.1M
Opa Locka, Florida, United States
See Similar DealsIndustrial132,883 SF
Sold 05/11/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$128
Total Square Footage:132,883 SF
Transaction Type:Sale
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.
Players
BUYER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$911,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,717.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$81,015.32
Annual Debt Service$972,183.83
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