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Level II West LLC Acquires Fingerlakes Warehouses In Doral For $7.75M
SOLD
$7,750,000
Florida
See Similar DealsIndustrial26,656 SF
Sold 10/23/2023
SOLD
Level II West LLC Acquires Fingerlakes Warehouses In Doral For $7.75M
1373 Northwest 97th Avenue
See Similar DealsIndustrial26,656 SF
Sold 10/23/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$290
Total Square Footage:26,656 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$413,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,534.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,738.95
Annual Debt Service$440,867.45
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