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
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