Doral Shops LLC Acquires Retail Property In Doral For $15.1M
10425 Northwest 41st Street, Doral, Florida 33178, United States
$15,130,000
$918/SF
Building Size
16,466 SF
Asset Type
Retail
Closing
Nov 6, 2022
About this deal
AI
A retail property located at 10425 NW 41st Street in Doral has been sold for a total of $15,130,000. The property spans approximately 1.25 acres and offers a total square footage of 16,466. The price per square foot for this transaction was $919. The sale took place on November 7, 2022, and the buyer is Doral Shops LLC, represented by Thomas Maliar Smolarz. The seller, on the other hand, is Gerig Holdings LLC, with Craig Wagener as their representative. The deal was facilitated by Drew Kristol and Kirk Olson from Marcus & Millichap.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $15,130,000
- Address: 10425 NW 41st Street
- Market: Doral
- Acres: 1.25
The sale of this retail property in Doral involved various key individuals and companies. Drew Kristol and Kirk Olson, representing Marcus & Millichap, played a crucial role in facilitating the deal between the buyer, Doral Shops LLC, and the seller, Gerig Holdings LLC. Thomas Maliar Smolarz acted as the buyer's representative, while Craig Wagener represented the seller.
Players
Doral Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Kirk Olson to view all their deals.
Browse Florida retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93