Foundry Commercial Acquires Industrial Property In Doral For $18M With Ted Elam As Buyer's Rep
SOLD
$18,000,000
Florida
See Similar DealsIndustrial147,000 SF
Sold 08/05/2020
SOLD
Foundry Commercial Acquires Industrial Property In Doral For $18M With Ted Elam As Buyer's Rep
9300 Northwest 13th Street, Doral, FL, USA
See Similar DealsIndustrial147,000 SF
Sold 08/05/2020
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$122
Total Square Footage:147,000 SF
Transaction Type:Sale
The industrial property located at 9300-9380 Northwest 13th Street in Doral has been sold. The transaction was completed on 08/05/2021 for a sale price of $18,000,000. The property spans approximately 147,000 square feet, resulting in a price per square foot of $122. The seller in this deal was Ernesto Fabre.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $18,000,000
- Address: 9300-9380 Northwest 13th Street, Doral
- Market: Doral
Foundry Commercial represented by Ted Elam, along with HighBrook Investors, acted as the buyer in this transaction. They were assisted by their broker representative, Ted Elam. Noted Rep: Ted Elam - Foundry Commercial.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
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