facebook
Traded Co logo
Submit

Brookfield Properties Acquires Industrial Property In Doral For $26.3M

Property Image
SOLD
$26,300,000
Larry Genet
Jose Lobon
+ 2

Florida

See Similar Deals
Industrial145,260 SF
Sold 06/21/2021
the dealplayerscompscontact
Property Image
SOLD

Brookfield Properties Acquires Industrial Property In Doral For $26.3M

1900 Northwest 92nd Avenue, Doral, FL, USA

See Similar Deals
Industrial145,260 SF
Sold 06/21/2021
Larry Genet
Jose Lobon
+ 2
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$181
Total Square Footage:145,260 SF
Transaction Type:Sale

Brookfield Properties has acquired an industrial property located at 1900 NW 92nd Avenue in Doral. The transaction, which took place off market, involved the sale of a 145,260 square foot asset. The property was sold by Bristol Group, Inc. for a total price of $26,300,000, resulting in a price per square foot of $181.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $26,300,000
  • Date: 06/21/2021
  • Address: 1900 NW 92nd Avenue, Doral
  • Market: Doral

The buyer, Brookfield Properties, was represented by Larry Genet, Tom O'Loughlin, Jake Zebede, Chris Lee, and Jose Lobon from CBRE. Larry Genet can be contacted at 305.807.0004 or [email protected]. The completion of this off market transaction has been met with excitement by the brokers involved.

Players

Christian "Chris" Lee
29 deals$2.2B volume(305) 773-2813
BROKER

Jose Lobon
CBRE
53 deals$3.8B volume(305) 381-6446
BROKER

Larry Genet
CBRE
57 deals$436M volume(305) 807-0004
BROKER

Jake Zebede
Trustone Realty Advisors
16 deals$333.7M volume
BROKER

Tom O'Loughlin
CBRE
56 deals$831.7M volume(954) 817-3919
BROKER

Brookfield Properties
BROKERAGE

Details

SOLD
IMAGE: Larry Genet, Jose Lobon, Jake Zebede, Chris Lee & Tom O'Loughlin DATE: 06/21/2021 ADDRESS: 1900 NW 92nd Avenue MARKET: Doral ASSET TYPE: Industrial BUYER: Brookfield Properties SELLER: Bristol Group, Inc. BUYER'S REP: Larry Genet, Tom O'Loughlin, Jake Zebede, Chris Lee & Jose Lobon - CBRE SALE PRICE: $26,300,000 SF: 145,260 ~ PPSF: $181 NOTE FROM BROKER: Thrilled to have completed this off market transaction. Larry Genet tel:305.807.0004 [email protected]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,402,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$93,438.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$124,675.42
Annual Debt Service$1,496,105.01