Americo D'Agostini Acquires Retail Property In Doral For $57M
SOLD
$57,000,000
Florida
See Similar DealsRetail113 SF
Sold 11/30/2022
SOLD
Americo D'Agostini Acquires Retail Property In Doral For $57M
11402 Northwest 41st Street, Doral, Florida 33178, United States
See Similar DealsRetail113 SF
Sold 11/30/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$504,424
Total Square Footage:113 SF
Transaction Type:Sale
Located in Doral, the retail property at 11402 NW 41st St has recently been sold for $57,000,000. The transaction took place on November 30, 2022. Spanning across 113,354 square feet, the property was purchased by Americo D'Agostini. The sale price amounted to $503 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $57,000,000
- Date: 11/30/2022
- Address: 11402 NW 41st St
- Market: Doral
- Buyer: Americo D'Agostini
The sale of this retail property was facilitated by Scott Sandelin and Eddie Romo from the Marcus & Millichap agency, who represented Americo D'Agostini as the buyer in this transaction. The property offers a significant investment opportunity in the thriving Doral market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,040,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$202,508.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$270,209.08
Annual Debt Service$3,242,508.96
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