Alexander Boria And Cesar Lang Of Borluv Developments Purchase Retail Property In Doral For $37M
10750 Northwest 58th Street
$37,000,000
$451/SF
Building Size
82,000 SF
Asset Type
Retail
Closing
Dec 17, 2024
About this deal
AI
The retail property located at 10750 Northwest 58th Street in Doral, Florida, has been sold for a total price of $37,000,000. The asset encompasses a total square footage of 82,000 and translates to a price per square foot of $451. The shopping center, known as Delia Plaza, is anchored by Sedano’s and is fully leased to established tenants, offering great potential in a high-demand market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $37,000,000
- Square Feet: 82,000
- Price Per Square Foot: $451
- Buyer: Alexander Boria & Cesar Lang - Borluv Developments; Vicente Alaimo - VCA Developments
- Seller: Alaimo Group
Notable individuals involved in the transaction include Alexander Boria and Cesar Lang, representing Borluv Developments, along with Vicente Alaimo from VCA Developments. The sale reflects the active engagement of Borluv Developments in the real estate investment and development sector, which aims to create long-term value for its clients and communities.
On the Map
$37,000,000
$451/SF
Retail
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Players
Doral Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93