Fortuna Real Estate Acquires Doral Development Site For $3.65M
SOLD
$3,650,000
Florida
See Similar DealsDevelopment Site101,059 SF
Sold 04/30/2020
SOLD
Fortuna Real Estate Acquires Doral Development Site For $3.65M
10405 Northwest 19th Street, Doral, FL, USA
See Similar DealsDevelopment Site101,059 SF
Sold 04/30/2020
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$36
Total Square Footage:101,059 SF
Transaction Type:Sale
A development site in Doral has been sold for $3,650,000. The property, located at 10405 NW 19th Street, spans approximately 2.3 acres. The sale price equates to a price per acre of $1,586,957.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,650,000
- Address: 10405 NW 19th Street, Doral
- Market: Doral
- Buyer: Fortuna Real Estate
- Seller: Inter Dolphin Property LLC
- Buyer's Representative: Alp Kucukoner - NGI International Realty
- Seller's Representative: Patricia Marquez - DiGiacomo Group
Alp Kucukoner from NGI International Realty represented the buyer, Fortuna Real Estate, in the transaction. Patricia Marquez, from DiGiacomo Group, represented the seller, Inter Dolphin Property LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$194,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,967.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,302.86
Annual Debt Service$207,634.35
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