EdgeConneX Acquires 6.3 Acre Development Site In Doral For $13.7M
SOLD
Florida
See Similar DealsDevelopment Site
Sold 01/11/2023
SOLD
EdgeConneX Acquires 6.3 Acre Development Site In Doral For $13.7M
10550 Northwest 112th Avenue, Doral, Florida 33178, United States
See Similar DealsDevelopment Site
Sold 01/11/2023
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
A development site spanning approximately 6.3 acres has been sold in Doral. The property, located at 10550 NW 112th Avenue, was part of a closed transaction. The sale took place on January 11, 2023, and was facilitated by Edmund Wilson and Randy Brouckman.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $13,700,000
- Address: 10550 NW 112th Avenue, Doral
- Market: Doral
- Buyer: EdgeConneX - Randy Brouckman & Edmund Wilson
- Seller: Juan Fayen & Juan Ramos
The acquisition was made by EdgeConneX, represented by Randy Brouckman and Edmund Wilson. The sellers, Juan Fayen and Juan Ramos, facilitated the sale. Additional information about the transaction was not provided.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$730,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$48,673.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,944.99
Annual Debt Service$779,339.87
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