Updated Sep 11, 2026
Lithia Motors Acquires Development Site In Doral For $28.5M
9300 North West 13th Street
$28,500,000
Building Size
—
Asset Type
Development Site
Closing
Nov 2, 2022
About this deal
AI
A development site located at 9300 NW 13th Street in Doral has been sold in a closed transaction. The property spans across 8.3 acres and was sold for a total price of $28,500,000, resulting in a price per acre of approximately $3,434,000. The transaction took place on November 2, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $28,500,000
- Acres: 8.3
- Price per Acre: $3,434,000
- Address: 9300 NW 13th Street, Doral
- Buyer: Lithia Motors
- Seller: Foundry Commercial
The buyer of the development site was Lithia Motors, while the seller was Foundry Commercial. The transaction was facilitated by Jose Lobon, Trey Barry, Frank Fallon, and Royce Rose from CBRE.
On the Map
$28,500,000
Development Site
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Flint Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93