Updated Sep 9, 2024
Chengbiao Zhao Acquires Industrial Property In Doral For $1.9M
1905 NW 93rd Ave, Doral, FL, USA
$1,900,000
$209/SF
Building Size
9,083 SF
Asset Type
Industrial
Closing
Apr 11, 2021
About this deal
AI
Located in Doral, the industrial property at 1905 NW 93rd Ave has been sold in a recent transaction. The property spans 9,083 square feet and is situated in a bustling market. The sale price reached $1,900,000, and the property was initially listed with an asking price of $2,300,000. The price per square foot was calculated at $209.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,900,000
- Address: 1905 NW 93rd Ave, Doral
- Market: Doral
- Square Footage: 9,083
- Asking Price: $2,300,000
- Price Per Square Foot: $209
The buyer in this transaction is Chengbiao Zhao, while the seller is Estanislao Sanchez. Leading the deal were brokers Gonzalo Baraybar from South Florida Broker and Bobby Berrido from Realtor Bobby. Their expertise and representation facilitated the successful sale of the industrial property in Doral.
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93