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8855 NW 35th Ln Doral, FL 3...

Jet Engine Technology Corporation Acquires Industrial Property In Doral For $9.7M With Transwestern Real Estate Services's South Florida Industrial Team's Facilitation
SOLDIndustrial

Jet Engine Technology Corporation Acquires Industrial Property In Doral For $9.7M With Transwestern Real Estate Services's South Florida Industrial Team's Facilitation

8855 NW 35th Ln Doral, FL 33172, USA

$9,700,000

$294/SF

Building Size

32,904 SF

Asset Type

Industrial

Closing

Aug 31, 2023

AI

Jet Engine Technology Corporation has acquired a 32,904 sq-ft industrial property located at 8855 Northwest 35th Lane in Doral, Florida. The transaction was facilitated by Transwestern Real Estate Services' South Florida Industrial team and the property was sold for $9.7 million. This acquisition supports Jet Engine Technology Corporation's expansion in providing jet engine maintenance services.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $9,700,000
  • Square Footage: 32,904 sq-ft
  • Address: 8855 Northwest 35th Lane, Doral, Florida
  • Market: Doral

Carlos Gaviria, Ben Eisenberg, Walter Byrd, and Thomas Kresse from Transwestern Real Estate Services represented the buyer, Jet Engine Technology Corporation, in this transaction. Skylar Stein from Cushman & Wakefield acted as the seller's representative.

Players

Skylar Stein

Cushman & Wakefield

Broker

$61.6M

vol

14 deals

Broker

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

1.64%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93