Frank Trelles And Jason Gonzalez Of State Street Realty Represent Unknown Buyer In Doral Sale At 13000 SF
10650 NW 29th St, Doral, FL, 33172
Building Size
13,000 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in the transaction is located at 10650 NW 29th St, Doral, FL, 33172. This commercial real estate asset has a total square footage of 13,000 and falls within the Doral market.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: Unknown
- Address: 10650 NW 29th St, Doral, FL, 33172
- Market: Doral
- Buyer's Representative: Frank Trelles-State Street Realty, Jason Gonzalez-State Street Realty
- Seller's Representative: Hector Cataño-Cornerstone International Realty
- Buyer: Unknown
- Seller: Unknown
- Square Feet: 13000
State Street Realty, a Miami-based brokerage and advisory firm, successfully finalized this transaction, with Vice President Frank Trelles, SIOR, and Sales Associate Jason Gonzalez representing the buyer. The seller's representative in this transaction was Hector Cataño from Cornerstone International Realty. Notably, State Street Realty has recently completed lease and sale transactions totaling over 257,648 square feet across the South Florida area in the beginning of the year.
Players
Doral CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93