Marcus & Millichap Sells Office Building In Doral For $8M
3901 NW 79th Ave, Doral, FL, USA
$8,000,000
$279/SF
Building Size
28,603 SF
Asset Type
Office
Closing
Aug 1, 2021
About this deal
AI
An office property located at 3901 NW 79th Ave in Doral has recently been sold for $8,000,000. The transaction took place on August 2, 2021. The property spans 28,603 square feet, with a price per square foot of $280. Situated on 1.43 acres, the property was valued at an estimated $5,594,406 per acre.
Summary of transation details
- Property Type: Office
- Transaction Amount: $8,000,000
- Address: 3901 NW 79th Ave, Doral
- Market: Doral
- Size: 28,603 square feet
- Price per square foot: $280
- Acreage: 1.43 acres
- Price per acre: $5,594,406
The sale was facilitated by Alex D. Zylberglait from Marcus & Millichap. As the broker representing the office property, Alex played a key role in the transaction.
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93