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
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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