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10750 Northwest 58th Street

Updated Dec 25, 2024

Alexander Boria And Cesar Lang Of Borluv Developments Purchase Retail Property In Doral For $37M
SOLDRetail

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

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$37,000,000

$451/SF

Retail

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Doral Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $451 per square foot on a published $37M for 82,000 square feet (2024).

Browse Doral retail sales on Traded.

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

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