Labrador Construction Inc Acquires Office Building In Doral For $15M
SOLD
$15,000,000
Florida
See Similar DealsOffice59,000 SF
Sold 01/05/2021
SOLD
Labrador Construction Inc Acquires Office Building In Doral For $15M
8181 Northwest 36th Street, Doral, FL, USA
See Similar DealsOffice59,000 SF
Sold 01/05/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$254
Total Square Footage:59,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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