Updated Dec 4, 2024
Level II West LLC Acquires Fingerlakes Warehouses In Doral For $7.75M
1373 Northwest 97th Avenue
$7,750,000
$290/SF
Building Size
26,656 SF
Asset Type
Industrial
Closing
Oct 23, 2023
About this deal
AI
Fingerlakes Warehouses in Doral, Florida, has been sold by Blanca Commercial Real Estate for $7.75 million in cash. The property spans 26,656 square feet and is located at 1373 Northwest 97th Avenue in the thriving market of Doral. This prime industrial property offers a strong market for industrial properties in the area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,750,000
- Square Footage: 26,656
- Price Per Square Foot: $291
- Address: 1373 Northwest 97th Avenue, Doral
- Market: Doral
Luisa Nicholls, a representative from Keller Williams, acted as the buyer's representative for Level II West LLC. Andres del Corral from Blanca Commercial Real Estate served as the seller's representative for Fingerlakes Warehouse Corporation. This transaction showcases the expertise and professionalism of these brokers in successfully closing the deal.
On the Map
$7,750,000
$290/SF
Industrial
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Players
Waseca Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93