Labrador Construction Inc Acquires Office Building In Doral For $15M
8181 Northwest 36th Street, Doral, FL, USA
$15,000,000
$254/SF
Building Size
59,000 SF
Asset Type
Office
Closing
Jan 4, 2021
AI
The office property located at 8181 Northwest 36th Street in Doral has been sold for a price of $15,000,000. The transaction involved a total area of 59,000 square feet, resulting in a price per square foot of $254. The buyer, Labrador Construction Inc, acquired the property from the seller, 8181 Doral, LLC. The sale was facilitated by Reshma Parvani of Parvani Commercial Group acting as the broker.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $15,000,000
- Address: 8181 Northwest 36th Street
- Market: Doral
Reshma Parvani from Parvani Commercial Group played a crucial role as the broker representing the buyer, Labrador Construction Inc, in this office property sale. Her expertise and guidance contributed to the successful completion of 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93