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
About this deal
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.
On the Map
$21,000,000
$5,000/SF
Condo
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Players
Surfside Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $5K per square foot on a published $21M for 4,200 square feet (2023).
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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