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Heads Or Tails Seafood, Inc. Acquires Industrial Property In Doral For $5.55M

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SOLD
$5,550,000

Florida

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Industrial35,000 SF
Sold 11/19/2020
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Property Image
SOLD

Heads Or Tails Seafood, Inc. Acquires Industrial Property In Doral For $5.55M

8020 Northwest 60th Street, Doral, FL, USA

See Similar Deals
Industrial35,000 SF
Sold 11/19/2020
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$158
Total Square Footage:35,000 SF
Transaction Type:Sale

A 35,000 square foot industrial property located at 8020 NW 60th Street in Doral has been sold for $5,550,000. The property was listed with an asking price of $5,800,000, indicating that the sale was negotiated below the original asking price. The price per square foot (PPSF) for this transaction is $159. The sale took place on November 19, 2020.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $5,550,000
  • Market: Doral
  • Buyer: Heads or Tails Seafood, Inc. (@HeadsorTailsSeafoodInc)
  • Seller: Global Parcel Services
  • Buyer's Representative: Will Falero (@WillFalero) - Collier's International
  • Seller's Representatives: Francisco Girón & Martijn A Rentema - Jacog Advisors (@JacogAdvisors)

The buyer, Heads or Tails Seafood, Inc., was represented by Will Falero from Collier's International, while the seller, Global Parcel Services, was represented by Francisco Girón and Martijn A Rentema from Jacog Advisors. This transaction highlights the active industrial real estate market in Doral and the successful negotiation resulting in a sale price below the original asking price.

Players

Will Falero
5 deals$54.3M volume(786) 389-3236
BROKER

Will Falero
Pro Industrial
5 deals$54.3M volume(786) 389-3236
BROKER

Francisco Giron
Vivo Real Estate Group
6 deals$50.5M volume
BROKER

Martijn Rentema
2 deals$9.4M volume
BROKER

Colliers
BROKERAGE

Details

SOLD
IMAGE: Martijn A Rentema, Francisco Girón & Will Falero DATE: 11/19/2020 ADDRESS: 8020 NW 60th Street MARKET: Doral ASSET TYPE: Industrial BUYER: Heads or Tails Seafood, Inc. @HeadsorTailsSeafoodInc SELLER: Global Parcel Services BUYER'S REP: Will Falero @WillFalero - Collier's International SELLER'S REP: Francisco Girón & Martijn A Rentema - Jacog Advisors @JacogAdvisors ASKING PRICE: $5,800,000 SALE PRICE: $5,550,000 SF: 35,000 ~ PPSF: $159

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$295,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,717.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,309.83
Annual Debt Service$315,717.98