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7320 Northwest 58th Street

Luis Macias Of IFET Inc. Acquires Industrial Property In Doral For $5.75M
SOLDIndustrial

Luis Macias Of IFET Inc. Acquires Industrial Property In Doral For $5.75M

7320 Northwest 58th Street

$5,750,000

$284/SF

Building Size

20,240 SF

Asset Type

Industrial

Closing

Sep 29, 2025

AI

The property involved in this transaction is an industrial asset located at 7320–7332 Northwest 58th Street, Doral (Miami), Florida 33166. This warehouse/showroom consists of 20,240 total square feet across two freestanding buildings and traded at a sale price of $5,750,000 resulting in a price per square foot of $284. The property was initially listed at $6,750,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,750,000
  • Buyer: Luis Macias - IFET, Inc.
  • Seller: Rick Susman & Laurel Ann Schwartz
  • Buyer's Representative: Rainier Sebastian Leon - Real Estate Sales Force (RESF)
  • Seller's Representatives: Edward Schmidt, Lucia Custer & Gabriel Garcia Menocal - NAI Global
  • Market: Doral
  • Sale Date: 09/30/2025
  • Note: The transaction experienced a 97-day escrow, with both brokers’ diligence contributing to the successful closing.

IFET Inc., led by Luis Macias, provides engineering, testing, and certification services for building-envelope and fenestration components. The services cover air and water leakage, structural performance, thermal analysis, and simulation for architects, builders, and manufacturers.

Players

Gabriel Garcia Menocal

NAI Global

Broker

$54.8M

vol

5 deals

Broker
Real Estate Sales Force (RESF)
Real Estate Sales Force (RESF)Brokerage
NAI Global
NAI GlobalBrokerage

Miami 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

2.76%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93