TecnoMega Acquires Industrial Property In Doral From Chesapeake Bay For $1.7M
SOLD
$1,695,000
Florida
See Similar DealsIndustrial8,500 SF
Sold 05/11/2021
SOLD
TecnoMega Acquires Industrial Property In Doral From Chesapeake Bay For $1.7M
3365 NW 97th Ave, Doral, FL, USA
See Similar DealsIndustrial8,500 SF
Sold 05/11/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$199
Total Square Footage:8,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,021.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,035.16
Annual Debt Service$96,421.98
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