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1810 Northwest 94th Avenue,...

Romano Group Acquires Industrial Property In Doral For $2.6M
SOLDIndustrial

Romano Group Acquires Industrial Property In Doral For $2.6M

1810 Northwest 94th Avenue, Doral, FL, USA

$2,600,000

$144/SF

Building Size

18,000 SF

Asset Type

Industrial

Closing

Feb 24, 2021

AI

The industrial property located at 1810 NW 94th Avenue in Doral has been sold in a recent transaction. The sale took place on 02/25/2021 and the asset type of the property is Industrial. The property spans 18,000 square feet and was sold for a price of $2,600,000, resulting in a price per square foot of $144.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $2,600,000
  • Date: 02/25/2021
  • Address: 1810 NW 94th Avenue
  • Market: Doral

The buyer in this transaction was Romano Group, while the seller was Orlando Segarra. The brokers involved in the deal were Frank Trelles from State Street Realty and Jason Gonzalez. It is noteworthy that Frank Trelles was represented by an Instagram account named @frankietrelles.

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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93