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9001 Collins Avenue

Bowlero Corporation Acquires Surfside Condo In $21M Deal
SOLDCondo

Bowlero Corporation Acquires Surfside Condo In $21M Deal

9001 Collins Avenue

$21,000,000

$5,000/SF

Building Size

4,200 SF

Asset Type

Condo

Closing

Mar 8, 2023

AI

A condominium unit located at 9001 Collins Avenue Unit 1005 in Surfside has been sold for a transaction amount of $21,000,000. The property, measuring approximately 4,200 square feet, was acquired by Thomas F. Shannon, representing Bowlero Corporation. The seller, Sandeep Mathrani, represented WeWork in the transaction. Anastasia Wachter from Douglas Elliman acted as the buyer's representative, while Stacy Robins from The Stacy Robins Companies represented the seller.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $21,000,000
  • Address: 9001 Collins Avenue Unit 1005, Surfside
  • Market: Surfside
  • Buyer: Thomas F. Shannon - Bowlero Corporation
  • Seller: Sandeep Mathrani - WeWork
  • Buyer's Representative: Anastasia Wachter - Douglas Elliman
  • Seller's Representative: Stacy Robins - The Stacy Robins Companies
  • Square Footage: 4,200
  • Price Per Square Foot: $5,000

The buyer, Thomas F. Shannon, is representing Bowlero Corporation, while the seller, Sandeep Mathrani, is represented by WeWork. Anastasia Wachter, from Douglas Elliman, served as the buyer's representative, and Stacy Robins, from The Stacy Robins Companies, acted as the seller's representative.

Players

Stacy Robins

Stacy Robins Companies

Broker

$145.8M

vol

11 deals

Broker
WeWork
WeWorkSeller

Surfside Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93