10221 Property, LLC Acquires Mixed-Use Property In Doral For $4.3M
SOLD
$4,300,000
Florida
See Similar DealsMixed-use71,898 SF
Sold 10/21/2021
SOLD
10221 Property, LLC Acquires Mixed-Use Property In Doral For $4.3M
10221 NW 58th St, Doral, FL, USA
See Similar DealsMixed-use71,898 SF
Sold 10/21/2021
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$59
Total Square Footage:71,898 SF
Transaction Type:Sale
10221 NW 58 ST, located in Doral, has been sold in a recent transaction. The mixed-use property was acquired by 10221 Property, LLC for a total sale price of $4,300,000. The transaction took place on October 21, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,300,000
- SF: 71,898
- Price Per Square Foot: $60
- Address: 10221 NW 58 ST, Doral
The seller of the property was Medardo E. Gutierrez. The deal was facilitated by Oscar A. De La Rosa of Rosa Commercial Real Estate, who represented the buyer, 10221 Property, LLC, in the transaction. It is worth noting that the sale price of the commercial land was $60 per square foot.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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