Avanti Group Acquires Multifamily Property In Doral From Shoma Group - Masoud Shojaee For $102.5M
9400 Northwest 41st Street, Doral, FL 33178, USA
$102,500,000
$211/SF
Building Size
485,275 SF
Asset Type
MultiFamily
Closing
Oct 12, 2021
AI
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.
Players
Doral MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93