Penske Truck Leasing Acquires Industrial Property In Doral For $14.15M
9200 NW 58th St Doral, FL 33178, USA
$14,150,000
$314/SF
Building Size
45,000 SF
Asset Type
Industrial
Closing
May 25, 2023
AI
The industrial property located at 9200 Northwest 58th Street in Doral has been sold in a transaction. The property spans approximately 45,000 square feet and was sold for a total price of $14,150,000, resulting in a price per square foot of $314.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $14,150,000
- Square Footage: 45,000
- Price Per Square Foot: $314
- Address: 9200 Northwest 58th Street
- Market: Doral
The buyer of the property is Penske Truck Leasing, while the seller is Hackney Properties represented by Charles E Hackney. The seller's representatives in the deal were Edison Vasquez, Chris Spear, and Michaela Senior from ComReal.
Players
Miami 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
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93