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

Property Image
SOLD
$34,000,000
Carl Beardsley
Manny de Zarraga
+ 2

Florida

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Industrial103,000 SF
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Property Image
SOLD

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

2100 NW 84th Ave, Doral, FL, 33122

See Similar Deals
Industrial103,000 SF
Carl Beardsley
Manny de Zarraga
+ 2
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$330
Total Square Footage:103,000 SF
Transaction Type:Sale

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
54 deals$1.8B volume(305) 495-5969
BROKER

Manny de Zarraga
JLL
18 deals$2B volume
BROKER

Carl Beardsley
JLL
7 deals$720.7M volume
BROKER

Jake Wagner
JLL
2 deals$423.3M volume
BROKER

Details

SOLD
IMAGE: 2100 NW 84th Ave, Doral, FL, 33122 MARKET: Doral SELLER'S REP: Josh Katlin, Luis Castillo, Manny de Zarraga, Carl Beardsley, Jake Wagner -JLL BUYER: Undisclosed PRICE: $34,000,000.00 SF: 103000

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Deal Type
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