Updated Sep 9, 2024
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
About this deal
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.
On the Map
$4,750,000
$271/SF
Industrial
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Players
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