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

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SOLD
$4,750,000

Florida

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Industrial17,500 SF
Sold 07/29/2022
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SOLD

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

1810 Northwest 94th Avenue

See Similar Deals
Industrial17,500 SF
Sold 07/29/2022
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$271
Total Square Footage:17,500 SF
Transaction Type:Sale

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
38 deals$90.3M volume(786) 302-1223
BROKER

Jason Gonzalez
State Street Realty
15 deals$38.2M volume
BROKER

Details

SOLD
IMAGE: Frank Trelles & Jason Gonzalez DATE: 07/29/2022 ADDRESS: 1810 NW 94th Ave MARKET: Doral ASSET TYPE: Industrial BUYER: Osvaldo Melendez SELLER: Ricardo Romano BROKER: Frank Trelles (@FrankieTrelles) & Jason Gonzalez - State Street Realty SALE PRICE: $4,750,000 SF: 17,500 ~ PPSF: $271 Frank Trelles @frankietrelles and Jason Gonzalez

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$253,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08