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2100 NW 84th Ave, Doral, FL...

Doral Property Sells For $34M With Seller's Representatives From JLL
SOLDIndustrial

Doral Property Sells For $34M With Seller's Representatives From JLL

2100 NW 84th Ave, Doral, FL, 33122

$34,000,000

$330/SF

Building Size

103,000 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

A 103,000-square-foot data center located at 2100 NW 84th Ave, Doral, FL, 33122, has been sold for $34 million. The property is situated in the Doral market and is part of America’s Gateway business park, known for its proximity to Miami's Airport industrial submarket. The freestanding facility features several fiber providers, a covered loading dock, and 4,092 square feet of mezzanine space. The seller recently invested significant capital to update the property.

Summary of transaction details:

The transaction was facilitated by JLL, which represented the undisclosed seller that will lease a portion of the space, while the unnamed buyer is expected to occupy the remaining area of the facility. This arrangement underscores the strategic utility of the property in the industrial submarket.

Players

Luis Castillo

JLL

Broker

$2.1B

vol

55 deals

Broker

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

0.47%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93