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3365 NW 97th Ave, Doral, FL...

TecnoMega Acquires Industrial Property In Doral From Chesapeake Bay For $1.7M
SOLDIndustrial

TecnoMega Acquires Industrial Property In Doral From Chesapeake Bay For $1.7M

3365 NW 97th Ave, Doral, FL, USA

$1,695,000

$199/SF

Building Size

8,500 SF

Asset Type

Industrial

Closing

May 10, 2021

AI

An industrial property located at 3365 NW 97th Ave in Doral has been sold for $1,695,000. The property spans 8,500 square feet and was sold at a price of $199 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,695,000
  • Date: 05/11/2021
  • Market: Doral
  • Buyer: TecnoMega
  • Seller: Chesapeake Bay
  • Buyer's Rep: Edison Vasquez @EdisonIndustrial
  • Seller's Rep: Luciano Rappa

The buyer in this transaction was TecnoMega, represented by Edison Vasquez from EdisonIndustrial. The seller, Chesapeake Bay, was represented by Luciano Rappa.

Players

Edison Vasquez

ComReal

Broker

$84.8M

vol

10 deals

Broker

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

9.36%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93