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:
- Property Type: Data Center
- Transaction Amount: $34,000,000.00
- Address: 2100 NW 84th Ave, Doral, FL, 33122
- Market: Doral
- Seller's Representative: Josh Katlin, Luis Castillo, Manny de Zarraga, Carl Beardsley, Jake Wagner - JLL
- Buyer: Undisclosed
- Square Footage: 103,000
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
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