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
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