Park 1910 NW 97 Ave Owner LLC Acquires Industrial Warehouse In Doral For $16.2M
SOLD
$16,200,000
Florida
See Similar DealsIndustrial107,667 SF
Sold 11/09/2020
SOLD
Park 1910 NW 97 Ave Owner LLC Acquires Industrial Warehouse In Doral For $16.2M
1910 NW 97th Ave, Miami, FL, 33172
See Similar DealsIndustrial107,667 SF
Sold 11/09/2020
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$150
Total Square Footage:107,667 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$864,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$57,555.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$76,796.26
Annual Debt Service$921,555.18
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