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8181 Northwest 36th Street,...

Labrador Construction Inc Acquires Office Building In Doral For $15M
SOLDOffice

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.

Players

Reshma Parvani

Parvani Commercial Group

Broker

$35.9M

vol

5 deals

Broker

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