Ozinga Concrete Acquires Barreiro Concrete's Industrial Properties In Deerfield Beach & Miami For $24M
2030 NW 40th Ct & 12101 NW 58TH ST
$24,000,000
Building Size
—
Asset Type
—
Closing
Sep 2, 2022
About this deal
AI
The transaction involves the sale of two industrial properties located at 2030 NW 40th Ct, Deerfield Beach, and 12101 NW 58th St, Miami, totaling 324,300 square feet. The sale price for the properties was $24,000,000, equating to approximately $74 per square foot, making it a significant addition to the Miami market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $24,000,000
- Square Footage: 324,300
- Price Per Square Foot: $74
- Buyer: Ozinga Concrete
- Seller: Barreiro Concrete
- Brokers: Andros Sarduy - Synergy Realty Advisors; Eduardo Azofra - Fortune International Realty
The sale includes both the business and the properties mentioned, providing a comprehensive transaction involving notable companies in the concrete industry. Andros Sarduy and Eduardo Azofra were instrumental in facilitating this deal, representing the buyer and seller respectively.
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Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93