Penske Truck Leasing Acquires Industrial Property In Doral For $14.15M
SOLD
$14,150,000
Florida
See Similar DealsIndustrial45,000 SF
Sold 05/25/2023
SOLD
Penske Truck Leasing Acquires Industrial Property In Doral For $14.15M
9200 NW 58th St Doral, FL 33178, USA
See Similar DealsIndustrial45,000 SF
Sold 05/25/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$314
Total Square Footage:45,000 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$754,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$50,271.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,078.22
Annual Debt Service$804,938.63
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