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
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