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Opa Locka, Florida, United ...

O’Donnell Group Acquires Industrial Property In Opa-locka For $17.1M
SOLDIndustrial

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

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.

Players

OG
O’Donnell GroupBuyer

Jason Rubin

Seller

$58.2M

vol

9 deals

Seller

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