Seagis Property Group Acquires Industrial Property In Doral For $15.6M
SOLD
Florida
See Similar DealsIndustrial80,000 SF
Sold 12/14/2021
SOLD
Seagis Property Group Acquires Industrial Property In Doral For $15.6M
3075 Northwest 107th Avenue, Doral, FL 33172
See Similar DealsIndustrial80,000 SF
Sold 12/14/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$195
Total Square Footage:80,000 SF
Transaction Type:Sale
Seagis Property Group has acquired an industrial property located at 3075 NW 107th Avenue in Doral. The transaction took place on 12/14/2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,600,000
- Address: 3075 NW 107th Avenue
- Market: Doral
The seller of the property was AllPlus Computer Systems Corp. The deal was facilitated by brokers Roger Zuniga and Stephen J. DiGiacomo from the DiGiacomo Group.
The industrial property has a total area of 80,000 square feet, resulting in a price per square foot of $195.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$832,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,423.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,951.96
Annual Debt Service$887,423.50
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