Brookfield Properties Acquires Industrial Property In Doral For $8.5M
SOLD
$8,462,500
Florida
See Similar DealsIndustrial62,000 SF
Sold 11/15/2020
SOLD
Brookfield Properties Acquires Industrial Property In Doral For $8.5M
2105 Northwest 102nd Avenue, Doral, FL, USA
See Similar DealsIndustrial62,000 SF
Sold 11/15/2020
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$136
Total Square Footage:62,000 SF
Transaction Type:Sale
A 62,000 square foot industrial property located at 2105 Northwest 102nd Avenue in Doral has been sold for $8,462,500. The transaction took place on November 15, 2020. The property was acquired by Brookfield Properties from the seller, World Famous Partnership, Ltd. The deal was facilitated by Gabriel Garcia-Menocal of NAI Miami.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,462,500
- Address: 2105 Northwest 102nd Avenue, Doral
- Market: Doral
Gabriel Garcia-Menocal of NAI Miami represented the buyer, Brookfield Properties, in this industrial property transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$451,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,065.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,116.57
Annual Debt Service$481,398.81
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