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
About this deal
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
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