Edgeconnex Acquires Industrial Property In Medley For $13.7M With Seller's Rep Yoly Viloria
Nw 112th Avenue And Nw 105th Street
$13,700,000
$50/SF
Building Size
272,250 SF
Asset Type
Industrial
Closing
Jan 9, 2023
AI
An industrial property located at Nw 112th Avenue & Nw 105th Street in Medley was recently sold for $13,700,000. The property spans a total area of 272,250 square feet, resulting in a price per square foot of $50. The transaction took place between the buyer, Edgeconnex, and the seller, Juan Fayen & Juan Ramos.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,700,000
- Address: Nw 112th Avenue & Nw 105th Street
- Market: Medley
- Buyer: Edgeconnex
- Seller: Juan Fayen & Juan Ramos
Nicolas Palazzo from CBRE represented Edgeconnex as their buyer's representative, while Yoly Viloria from Keller Williams represented Juan Fayen & Juan Ramos as their seller's representative. It is noteworthy that Yoly Viloria is recognized as South Florida's Top Producer at Keller Williams Realty International Lifestyle. She can be reached at +1.954.562.3148 or [email protected]. Her Instagram handle is yolyviloriarealtor.
Players
Medley, Florida 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
1.16%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93