Planet Cellular Inc. Acquires Industrial Property In Doral For $4.4M
SOLD
$4,400,000
Florida
See Similar DealsIndustrial30,000 SF
Sold
SOLD
Planet Cellular Inc. Acquires Industrial Property In Doral For $4.4M
8788 Northwest 15th Street, Doral, FL, USA
See Similar DealsIndustrial30,000 SF
Sold
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$146
Total Square Footage:30000 SF
Transaction Type:Sale
Planet Cellular Inc. has acquired an industrial property in Doral, located at 8788 NW 15 Street. The transaction took place on March 16, 2021. The property spans 30,000 square feet and is valued at $147 per square foot. The total sale price for the property was $4,400,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,400,000
- Address: 8788 NW 15 Street, Doral
- Market: Doral
Daniel P. Cook of Cook Commercial Realty, Inc. represented the buyer, Planet Cellular Inc., in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
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