18 Management Acquires Industrial Property In Doral For $9.7M
8995 Northwest 12th Street
$9,700,000
$340/SF
Building Size
28,460 SF
Asset Type
Industrial
Closing
Jan 4, 2024
AI
An industrial property located at 8995 Northwest 12th Street in Doral has been sold for a record-breaking price of $9,700,000. The property spans across 28,460 square feet, resulting in a price per square foot of $341. The sale was facilitated by 18 Management, who acted as the buyer, while Doral Lakes Enterprise served as the seller.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,700,000
- Square Footage: 28,460
- Price per Square Foot: $341
- Address: 8995 Northwest 12th Street, Doral
- Market: Doral
The buyer was represented by Victor M. Jaramillo and Reshma Parvani from the Parvani Commercial Group(ParvaniCommercial). They played a crucial role in ensuring a successful transaction. It is worth noting that this sale achieved a record-breaking price. If you are a Doral property owner looking to sell, the representatives encourage you to reach out for a free consultation. They specialize in securing top dollar for your warehouse and offer stress-free sales handled by professionals with expertise in marketing and negotiation.
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