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
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93