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1810 Northwest 94th Avenue

Osvaldo Melendez Acquires Industrial Property In Doral For $4.75M With State Street Realty Reps
SOLDIndustrial

Osvaldo Melendez Acquires Industrial Property In Doral For $4.75M With State Street Realty Reps

1810 Northwest 94th Avenue

$4,750,000

$271/SF

Building Size

17,500 SF

Asset Type

Industrial

Closing

Jul 29, 2022

AI

The industrial property located at 1810 NW 94th Ave in Doral has been sold in a closed transaction. The property spans a total of 17,500 square feet and was sold for $4,750,000, resulting in a price per square foot of $271.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,750,000
  • Address: 1810 NW 94th Ave
  • Market: Doral

The buyer of the property is Osvaldo Melendez, and the seller is Ricardo Romano. The transaction was facilitated by Frank Trelles and Jason Gonzalez from State Street Realty, who represented the respective parties involved in the deal.

Frank Trelles and Jason Gonzalez played a crucial role in the successful completion of the transaction as representatives from State Street Realty. Their expertise in the market and negotiation skills contributed to the smooth transfer of ownership for the industrial property in Doral.

Players

Frank Trelles

Vivo Real Estate Group

Broker

$104.8M

vol

39 deals

Broker

Doral 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

3.34%

Cash-on-Cash

-0.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93