Romano Group Acquires Industrial Property In Doral For $2.6M
SOLD
$2,600,000
Florida
See Similar DealsIndustrial18,000 SF
Sold 02/25/2021
SOLD
Romano Group Acquires Industrial Property In Doral For $2.6M
1810 Northwest 94th Avenue, Doral, FL, USA
See Similar DealsIndustrial18,000 SF
Sold 02/25/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$144
Total Square Footage:18,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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