Ludwin Leguizamon Acquires Airport West Industrial Property For $5.15M
1375 Northwest 89th Court, Doral, FL, USA
$5,150,000
$283/SF
Building Size
18,152 SF
Asset Type
Industrial
Closing
Nov 22, 2021
AI
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
Miami 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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93