Updated Nov 24, 2025
Lithia Motors Acquires Development Site In Doral For $28.5M
9300 Northwest 13th Street, Doral, Florida 33172, United States
$28,500,000
Building Size
—
Asset Type
Development Site
Closing
Feb 11, 2022
About this deal
AI
An 8.3-acre development site located at 9300 NW 13th Street in Doral has been sold for $28,500,000. The property was purchased by Lithia Motors from the seller, Foundry Commercial. The transaction was facilitated by CBRE brokers Jose Lobon, Trey Barry, Frank Fallon, and Royce Rose.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $28,500,000
- Address: 9300 NW 13th Street
- Market: Doral
The sale of the 8.3-acre development site in Doral marks an important transaction in the real estate market. Lithia Motors, a prominent buyer in the automotive industry, acquired the property from Foundry Commercial. The deal was facilitated by CBRE brokers Jose Lobon, Trey Barry, Frank Fallon, and Royce Rose. This transaction highlights the demand for development sites in the Doral area, reflecting the growth and potential of the market.
On the Map
$28,500,000
Development Site
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Doral Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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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