Updated Dec 4, 2024
Leonardo Fernandez Purchases Industrial Property From Jose Heredia In Doral For $1.93M
8009 Northwest 29th Street
$1,930,000
$386/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
Oct 31, 2024
About this deal
AI
The property involved in this transaction is an industrial asset located at 8009 Northwest 29th Street in Doral. The sale price was $1,930,000, with a square footage of 5,000 and a price per square foot of $386.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,930,000
- Address: 8009 Northwest 29th Street
- Market: Doral
- Square Footage: 5,000
- Price Per Square Foot: $386
- Buyer: Leonardo Fernandez
- Seller: Jose Heredia
- Broker: Chabeli Castillo - Beachfront Realty
Chabeli Castillo represented the seller in this transaction. The property was under contract within 30 days, attracting multiple competitive offers, leading to a record-breaking price per square foot.
On the Map
$1,930,000
$386/SF
Industrial
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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
8.22%
Cash-on-Cash
-2.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93