Parmenter Realty Partners Acquires Office Property In Doral For $27.3M
SOLD
Florida
See Similar DealsOffice160,000 SF
Sold 09/21/2022
SOLD
Parmenter Realty Partners Acquires Office Property In Doral For $27.3M
3511 Northwest 91st Avenue, Doral, FL 33172
See Similar DealsOffice160,000 SF
Sold 09/21/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$170
Total Square Footage:160,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,456,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$96,991.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$129,415.93
Annual Debt Service$1,552,991.13
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