Updated Mar 4, 2026
IAG Aero Group Purchases Industrial Property In Medley From Edward Chong For $16.35M
9315 Northwest 112th Avenue
$16,350,000
$332/SF
Building Size
49,170 SF
Asset Type
Industrial
Closing
Feb 26, 2026
About this deal
AI
The property involved in this transaction is a ±49,170 square foot warehouse located at 9315 Northwest 112th Avenue in Medley. The sale price for this industrial asset was $16,350,000, translating to a price per square foot of $332.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,350,000
- Buyer: IAG Aero Group
- Seller: Edward Chong
- Broker: Elias G. Patsalos, CCIM - Agora Real Estate Group
Elias G. Patsalos, CCIM of Agora Real Estate Group represented both the buyer and the seller in this transaction. Agora Real Estate Group specializes in the sale and leasing of industrial properties in the Doral and Medley submarkets.
Medley 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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93