Fortuna Real Estate Acquires Doral Development Site For $3.65M
10405 Northwest 19th Street, Doral, FL, USA
$3,650,000
$36/SF
Building Size
101,059 SF
Asset Type
Development Site
Closing
Apr 30, 2020
AI
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.
Players
Doral Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93