facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

8995 Northwest 12th Street

18 Management Acquires Industrial Property In Doral For $9.7M
SOLDIndustrial

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

Reshma Parvani

Parvani Commercial Group

Broker

$35.9M

vol

5 deals

Broker

Doral Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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