Avanti Group Acquires Multifamily Property In Doral From Shoma Group - Masoud Shojaee For $102.5M
SOLD
$102,500,000
Florida
See Similar DealsMultiFamily485,275 SF
Sold 10/12/2021
SOLD
Avanti Group Acquires Multifamily Property In Doral From Shoma Group - Masoud Shojaee For $102.5M
9400 Northwest 41st Street, Doral, FL 33178, USA
See Similar DealsMultiFamily485,275 SF
Sold 10/12/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$211
Total Square Footage:485,275 SF
Transaction Type:Sale
The multifamily property located at 9400 NW 41st Street in Doral has been sold for a total of $102,500,000. The sale, which took place on 10/12/2021, involved a total of 226 units with an average price per unit of $453,540. The property spans a total square footage of 485,275, with an average price per square foot of $211.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $102,500,000
- Units: 226
- Price per Unit: $453,540
- Square Footage: 485,275
- Price per Square Foot: $211
The buyer of the property was Avanti Group, while the seller was @ShomaGroup, represented by Masoud Shojaee.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,466,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$364,160.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$485,902.29
Annual Debt Service$5,830,827.52
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