Ludwin Leguizamon Acquires Airport West Industrial Property For $5.15M
SOLD
$5,150,000
Florida
See Similar DealsIndustrial18,152 SF
Sold 11/22/2021
SOLD
Ludwin Leguizamon Acquires Airport West Industrial Property For $5.15M
1375 Northwest 89th Court, Doral, FL, USA
See Similar DealsIndustrial18,152 SF
Sold 11/22/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$283
Total Square Footage:18,152 SF
Transaction Type:Sale
The industrial property located at 1375 NW 89th Court in Airport West, Doral has been sold for a price of $5,150,000. The property has a total square footage of 18,152 and a price per square foot of $284. The transaction took place on November 22, 2021. The buyer is Ludwin Leguizamon, while the seller is the Mandich Group.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,150,000
- Square Footage: 18,152
- Price per Square Foot: $284
- Date: November 22, 2021
- Buyer: Ludwin Leguizamon
- Seller: Mandich Group
Andrew Fernandez and Nicolas Palazzo, representing the Miami Industrial Team at CBRE, acted as the buyer's representatives in this deal.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$274,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,296.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,413.63
Annual Debt Service$292,963.53
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