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8009 Northwest 29th Street

Leonardo Fernandez Purchases Industrial Property From Jose Heredia In Doral For $1.93M
SOLDIndustrial

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

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.

Players

Chabeli Castillo

Liberty Commercial Realty

Broker

$19.9M

vol

7 deals

Broker

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

8.22%

Cash-on-Cash

-2.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93