Updated Oct 28, 2024
Seagis Acquires Industrial Asset In Doral For $13M
9700 Northwest 17th Street, Doral, Florida 33172, United States
$13,000,000
$227/SF
Building Size
57,202 SF
Asset Type
Industrial
Closing
Dec 23, 2021
About this deal
AI
Located at 9700 NW 17th St in Doral, this industrial property was recently sold in a transaction that took place on 12/23/2021. The property spans an area of 57,202 square feet and is situated in the vibrant market of Doral.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $13,000,000
The buyer in this transaction was Seagis, while the seller was ASP Enterprises. The deal was facilitated by Isaac Setton and Bunny Escava from Kassin Sabbagh Realty, who acted as the brokers representing the respective parties.
With a price per square foot (PPSF) of $227, this sale signifies a significant investment in the industrial market in Doral. The details captured in the Instagram post by Isaac Setton and Bunny Escava highlight the successful completion of this transaction in the industrial sector.
On the Map
$13,000,000
$227/SF
Industrial
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Players
Doral 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93