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3511 Northwest 91st Avenue,...

Parmenter Realty Partners Acquires Office Property In Doral For $27.3M
SOLDOffice

Parmenter Realty Partners Acquires Office Property In Doral For $27.3M

3511 Northwest 91st Avenue, Doral, FL 33172

$27,300,000

$170/SF

Building Size

160,000 SF

Asset Type

Office

Closing

Sep 21, 2022

AI

Parmenter Realty Partners, represented by Darryl Parmenter and John Davidson, acquired an office property located at 3511 Northwest 91st Avenue in Doral. The property spans 9 acres and is situated in a prime location.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $27,300,000
  • Square Footage: 160,000
  • Price per Square Foot: $171
  • Date of Sale: 2021/09/29
  • Market: Doral

Parmenter Realty Partners, led by Darryl Parmenter and John Davidson, successfully closed the deal to acquire this office property. The transaction was completed with SMPO as the seller.

Players

Darryl Parmenter

Parmenter Realty Partners

Buyer

$108.5M

vol

2 deals

Buyer

Doral Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.58%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93