Updated Oct 28, 2024
CIT Bank Provides $14.1M Loan For Industrial Property In Miami
9300 Northwest 13th Street, Doral, FL 33172, USA
$14,100,000
$97/SF
Building Size
145,331 SF
Asset Type
Industrial
Closing
Jul 6, 2020
About this deal
AI
An industrial property located at 9300 NW 13th St. in Miami has been involved in a closed transaction. The property spans 145,331 square feet and sits on 8.3 acres of land.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $14,100,000
- Address: 9300 NW 13th St.
- Market: Miami
- Square Footage: 145,331
- Acres: 8.3
The lender involved in this transaction is CIT Bank. The seller of the property is Ernesto Fabre of Fabre Design Group and Americas International Center. The deal was brokered by Michael Weinberg, Rebecca Van Reken, and Alec Fox of Berkadia.
On the Map
$14,100,000
$97/SF
Industrial
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Players
Doral Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93