Seagis Acquires Industrial Asset In Doral For $13M
SOLD
$13,000,000
Florida
See Similar DealsIndustrial57,202 SF
Sold 12/23/2021
SOLD
Seagis Acquires Industrial Asset In Doral For $13M
9700 Northwest 17th Street, Doral, Florida 33172, United States
See Similar DealsIndustrial57,202 SF
Sold 12/23/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$227
Total Square Footage:57,202 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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