Heads Or Tails Seafood, Inc. Acquires Industrial Property In Doral For $5.55M
8020 Northwest 60th Street, Doral, FL, USA
$5,550,000
$158/SF
Building Size
35,000 SF
Asset Type
Industrial
Closing
Nov 18, 2020
AI
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
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
2.86%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93