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2100 Northwest 84th Avenue,...

American Tower Corporation Acquires Industrial Property In Doral For $34M
SOLDIndustrial

American Tower Corporation Acquires Industrial Property In Doral For $34M

2100 Northwest 84th Avenue, Doral, Florida 33122, United States

$34,000,000

$246/SF

Building Size

137,938 SF

Asset Type

Industrial

Closing

Sep 22, 2022

AI

The industrial property located at 2100 NW 84th Street in Doral has been sold for a price of $34,000,000. The property spans approximately 137,938 square feet, resulting in a price per square foot of $246. The sale was completed on September 23, 2022, and the buyer in this transaction was American Tower Corporation. The seller of the property was Baptist Health South Florida, represented by Brian E. Keeley.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $34,000,000
  • Square Footage: 137,938
  • Price per Square Foot: $246
  • Address: 2100 NW 84th Street, Doral
  • Market: Doral

Brian E. Keeley represented Baptist Health South Florida in this sale transaction. American Tower Corporation acted as the buyer in this deal for the industrial property in Doral. This transaction took place on September 23, 2022. Overall, it represents a significant transaction in the industrial property market in Doral.

Players

BF
Baptist Health South FloridaSeller

Doral Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.47%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93