facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

5900 Northwest 97th Avenue,...

Tusen May Trading Acquires Industrial Property In Doral For $4.8M
SOLDIndustrial

Tusen May Trading Acquires Industrial Property In Doral For $4.8M

5900 Northwest 97th Avenue, Doral, FL, USA

$4,800,000

$139/SF

Building Size

34,400 SF

Asset Type

Industrial

Closing

Jan 28, 2021

AI

A 34,400 square foot industrial property located at 5900 NW 97th Avenue in Doral has been sold for $4,800,000. The property was listed with an asking price of $5,200,000, resulting in a sale price of $400,000 below the initial ask. The property was acquired by Tusen May Trading from Baw Properties.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $4,800,000
  • Address: 5900 NW 97th Avenue, Doral
  • Market: Doral

Representing Tusen May Trading in the transaction were Frank Trelles and Jason Gonzalez from State Street Realty. They successfully negotiated a $400,000 discount from the original asking price. Overall, the deal represents a significant acquisition in the industrial market of Doral.

Players

Frank Trelles

Vivo Real Estate Group

Broker

$104.8M

vol

41 deals

Broker
T
TradingBuyer

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

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93