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CenterPoint Properties Acquires Industrial Property In Doral For $16.65M

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SOLD
$16,650,000

Florida

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Industrial64,777 SF
Sold 09/27/2021
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SOLD

CenterPoint Properties Acquires Industrial Property In Doral For $16.65M

8788 Northwest 27th Street

See Similar Deals
Industrial64,777 SF
Sold 09/27/2021
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$257
Total Square Footage:64,777 SF
Transaction Type:Sale

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

Jose Juncadella
11 deals$106M volume
BROKER

Sebastian Juncadella
Fairchild Partners
10 deals$106M volume
BROKER

CenterPoint Properties
BUYER

Details

SOLD
IMAGE: Robert M. Chapman DATE: 09/27/2021 ADDRESS: 8788 N.W. 27th St. MARKET: Doral ASSET TYPE: Industrial ~ ACRES: 3.3 BUYER: CenterPoint Properties - Robert M. Chapman SELLER: Key Holdings & Investments - Carlos Fragoso Senra BROKERS: Fairchild Partners - Jose & Sebastian Juncadella SALE PRICE: $16,650,000 SF: 64,777 ~ PPSF: $257

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

$888,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$59,153.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,929.49
Annual Debt Service$947,153.93