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Nw 112th Avenue And Nw 105t...

Edgeconnex Acquires Industrial Property In Medley For $13.7M With Seller's Rep Yoly Viloria
SOLDIndustrial

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

Yoly Viloria

Keller Williams Realty

Broker

$19.8M

vol

3 deals

Broker
E
EdgeconnexBuyer

Juan Fayen

Seller

$37.7M

vol

3 deals

Seller

Medley, Florida Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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