Shelton Academy Acquires Storage Facility In Doral For $13.2M
9455 Northwest 40th Street Road, Doral, FL, USA
$13,200,000
$175/SF
Building Size
75,164 SF
Asset Type
—
Closing
May 3, 2021
About this deal
AI
A storage facility in Doral has been sold for $13,200,000. The property, located at 9455 NW 40th Street Road, spans a total area of 75,164 square feet, resulting in a price per square foot of $176. The transaction took place on May 4, 2021.
Summary of transation details
- Property Type: Storage Facility
- Transaction Amount: $13,200,000
- Address: 9455 NW 40th Street Road
- Market: Doral
The buyer of the storage facility was Shelton Academy, while the seller was Gel Realty LLC. Representing the buyer was The Katsikos Group, with Jack & Lee Katsikos acting as their brokers. On the seller's side, Cushman & Wakefield's Miguel Alcivar, Wayne Ramoski, Gian Rodriguez, and Skylar Stein, along with David Haut from Benchmark Associates, served as the seller's representatives in the deal.
On the Map
$13,200,000
$175/SF
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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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93