Updated Oct 13, 2026
Devin Cabrera Acquires Other Asset In Wilmington For $880,000 With Buyer's Rep Boris Almengor & Cameron Samimi
902 Island Avenue
$880,000
$299/SF
Building Size
2,936 SF
Asset Type
Other
Closing
Jul 17, 2026
About this deal
AI
The asset involved in this transaction is located at 902 Island Avenue Unit 4 in Wilmington. This property, classified as "Other," was sold for a price of $880,000. It encompasses a total square footage of 2,936, resulting in a price per square foot of $299.
Summary of transaction details:
- Property Type: Other
- Transaction Amount: $880,000
- Address: 902 Island Avenue Unit 4
- Market: Wilmington
- Square Footage: 2,936
- Price per Square Foot: $299
- Buyer: Devin Cabrera
- Seller: Teresa Parra & Sitaram Vamanrav
- Buyer's Representative: Boris Almengor & Cameron Samimi - Lyon Stahl Investment Real Estate
The transaction involved the buyer Devin Cabrera, who acquired the property from sellers Teresa Parra and Sitaram Vamanrav. The representation for the buyer was provided by brokers Boris Almengor and Cameron Samimi from Lyon Stahl Investment Real Estate, facilitating the sale process.
On the Map
$880,000
$299/SF
Other
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Players
Wilmington Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18.03%
Cash-on-Cash
-5.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93