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1910 NW 97th Ave, Miami, FL...

Park 1910 NW 97 Ave Owner LLC Acquires Industrial Warehouse In Doral For $16.2M
SOLDIndustrial

Park 1910 NW 97 Ave Owner LLC Acquires Industrial Warehouse In Doral For $16.2M

1910 NW 97th Ave, Miami, FL, 33172

$16,200,000

$150/SF

Building Size

107,667 SF

Asset Type

Industrial

Closing

Nov 9, 2020

AI

The industrial warehouse located at 1910 NW 97th Avenue in Doral was sold for $16,200,000. The property, totaling 107,667 square feet and situated on just over 6 acres, was purchased by Park 1910 NW 97 Ave Owner LLC from Clover Logistic 1910 PROPERTY HOLDINGS LLC. The sale price equates to $150.46 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $16,200,000.00
  • Address: 1910 NW 97th Ave, Miami, FL, 33172
  • Market: Doral
  • Seller's Rep: Roger Zuniga, Stephen (Steve) J. DiGiacomo (DiGiacomo Group)
  • Buyer: Park 1910 NW 97 Ave Owner LLC

DiGiacomo Group’s Stephen J. DiGiacomo, SIOR, along with Roger Zuniga and Patricia Marquez, negotiated the deal for the industrial warehouse. The buyer was represented by Jose Sasson from Axiom Capital Advisors in the transaction.

Players

Roger Zuniga

Broker

$47.4M

vol

4 deals

Broker
OL
Owner LLCBuyer
DL
DH Property Holdings, LLCSeller

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

0.98%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93