Aviation Department Acquires Warehouse & Office In Miami For $11.85M
1777 NW 72nd Ave, Miami, FL, USA
$11,850,000
$138/SF
Building Size
85,822 SF
Asset Type
Mixed-use
Closing
Aug 15, 2021
About this deal
AI
The property involved in this transaction is a warehouse and office located at 1777 NW 72nd Ave in Miami. The property spans a total area of 85,822 square feet. The sale was completed on August 16, 2021, with a sale price of $11,850,000, resulting in a price per square foot of $138.
Summary of Transaction Details
- Property Type: Warehouse & Office
- Transaction Amount: $11,850,000
- Address: 1777 NW 72nd Ave, Miami
The buyer in this transaction is the Aviation Department. On the other side, the seller is 1777 Milam LLC, represented by Christian N. Peter.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93