John Begier Of Seagis Property Group Acquires Industrial Asset From German Valencia For $20.4M
2601 Northwest 104th Court
$20,400,000
$328/SF
Building Size
62,041 SF
Asset Type
Industrial
Closing
Sep 9, 2025
AI
The property involved in this transaction is an industrial asset located at 2601 Northwest 104th Court in Doral. The sale price for this asset was $20,400,000, with a total square footage of 62,041 square feet, resulting in a price per square foot of $328.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20,400,000
- Address: 2601 Northwest 104th Court
- Market: Doral
- Seller: German Valencia - Galleria Farms
- Buyer: John Begier - Seagis Property Group
- Broker: Hector Catano - Cornerstone International Realty
The transaction saw Hector Catano successfully connect the buyer, John Begier, with the seller, German Valencia, facilitating an advantageous sale leaseback investment opportunity. For those interested in income-producing properties or prospects for business use, further inquiries can be directed to the broker.
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
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93