Updated Oct 29, 2024
EdgeConneX Acquires 6.3 Acre Development Site In Doral For $13.7M
10550 Northwest 112th Avenue, Doral, Florida 33178, United States
$13,700,000
Building Size
—
Asset Type
Development Site
Closing
Jan 10, 2023
About this deal
AI
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.
On the Map
$13,700,000
Development Site
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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