CenterPoint Properties Acquires Industrial Property In Doral For $16.65M
8788 Northwest 27th Street
$16,650,000
$257/SF
Building Size
64,777 SF
Asset Type
Industrial
Closing
Sep 27, 2021
AI
CenterPoint Properties, represented by Robert M. Chapman, has acquired an industrial property located at 8788 N.W. 27th St. in Doral. The property spans 3.3 acres and features a total of 64,777 square feet of space. The transaction was completed on September 27, 2021, with a sale price of $16,650,000, resulting in a price per square foot of $257. The seller, Key Holdings & Investments, was represented by Carlos Fragoso Senra. Fairchild Partners, represented by Jose & Sebastian Juncadella, acted as the brokers in the deal.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,650,000
- Address: 8788 N.W. 27th St., Doral
- Market: Doral
- ACRES: 3.3
CenterPoint Properties, led by Robert M. Chapman, successfully purchased the industrial property situated at 8788 N.W. 27th St. in Doral. Key Holdings & Investments, represented by Carlos Fragoso Senra, served as the seller in the transaction. Fairchild Partners, represented by Jose & Sebastian Juncadella, played a pivotal role as the brokers facilitating the deal.
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
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93