American Tower Corporation Acquires Industrial Property In Doral For $34M
SOLD
$34,000,000
Florida
See Similar DealsIndustrial137,938 SF
Sold 09/23/2022
SOLD
American Tower Corporation Acquires Industrial Property In Doral For $34M
2100 Northwest 84th Avenue, Doral, Florida 33122, United States
See Similar DealsIndustrial137,938 SF
Sold 09/23/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$246
Total Square Footage:137,938 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,813,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$120,794.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$161,177.35
Annual Debt Service$1,934,128.15
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