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8788 Northwest 27th Street

CenterPoint Properties Acquires Industrial Property In Doral For $16.65M
SOLDIndustrial

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

Jose Juncadella

Fairchild Partners

Broker

$106M

vol

12 deals

Broker
CenterPoint Properties
CenterPoint PropertiesBuyer

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