Tusen May Trading Acquires Industrial Property In Doral For $4.8M
SOLD
$4,800,000
Florida
See Similar DealsIndustrial34,400 SF
Sold 01/29/2021
SOLD
Tusen May Trading Acquires Industrial Property In Doral For $4.8M
5900 Northwest 97th Avenue, Doral, FL, USA
See Similar DealsIndustrial34,400 SF
Sold 01/29/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$139
Total Square Footage:34,400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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