SOLDIndustrial
Hector Cataño's Cornerstone_IR Facilitates $8.4M Industrial Sale In Doral
3500 Northwest 114th Avenue, Doral, FL, USA
$8,400,500
$155/SF
Building Size
54,139 SF
Asset Type
Industrial
Closing
Jun 17, 2021
AI
The industrial property located at 3500 and 3508 NW 114th Avenue in Doral has been sold for a price of $8,400,500. The transaction took place on June 18, 2021. The property spans 54,139 square feet, resulting in a price per square foot of $155.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $8,400,500
- Square Footage: 54,139
- Price per Square Foot: $155
- Address: 3500 and 3508 NW 114th Avenue, Doral
- Market: Doral
Hector Cataño of Cornerstone_IR represented the broker in this sale.
Doral Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93