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1900 Northwest 92nd Avenue,...

Brookfield Properties Acquires Industrial Property In Doral For $26.3M
SOLDIndustrial

Brookfield Properties Acquires Industrial Property In Doral For $26.3M

1900 Northwest 92nd Avenue, Doral, FL, USA

$26,300,000

$181/SF

Building Size

145,260 SF

Asset Type

Industrial

Closing

Jun 20, 2021

AI

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 Lee

CBRE

Broker

$2.2B

vol

29 deals

Broker
Jake Zebede
Verified Badge

Jake Zebede

Trustone Realty Advisors

Broker

$333.7M

vol

16 deals

Broker
Brookfield Properties
Brookfield PropertiesBrokerage

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

0.60%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93