Laurent Groll Acquires Industrial Property From Rodriguez & Company For $8.5M In Doral
8051 Northwest 54th Street & 7865 Northwest 56th Street
$8,500,000
$145/SF
Building Size
58,508 SF
Asset Type
Industrial
Closing
Jan 22, 2025
AI
The transaction involved an industrial asset located at 8051 Northwest 54th Street & 7865 Northwest 56th Street in Doral. The sale price was $8,500,000, and the property encompasses a total of 29,254 square feet, resulting in a price per square foot of $290.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $8,500,000
- Square Footage: 29,254
- Price per Square Foot: $290
- Buyer: Laurent Groll
- Seller: Rodriguez & Company
- Buyer’s Representative: Kristine Flook & Janet Crucet - Urbanize Properties
- Seller’s Representative: Joel Rodriguez - Global Investments Realty
- Date of Transaction: 01/22/2025
Joel and Michelle Rodriguez intended to reinvest the proceeds from the sale of their industrial portfolio into new high-performing opportunities, as noted in the transaction. This strategic move reflects their commitment to enhancing their investment portfolio in the industrial sector.
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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93