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21215 Biscayne Boulevard

Mario Grosfeld Purchases Retail Property From Steven Kamelhair In Aventura For $6.85M
SOLDRetail

Mario Grosfeld Purchases Retail Property From Steven Kamelhair In Aventura For $6.85M

21215 Biscayne Boulevard

$6,850,000

$1,030/SF

Building Size

6,650 SF

Asset Type

Retail

Closing

Sep 9, 2025

AI

The property involved in this transaction is a retail asset located at 21215 Biscayne Boulevard in Aventura. It has a sale price of $6,850,000 and encompasses a total square footage of 6,650, resulting in a price per square foot of $1,030.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $6,850,000
  • Address: 21215 Biscayne Boulevard
  • Market: Aventura
  • Square Footage: 6,650
  • Price per Square Foot: $1,030
  • Buyer: Mario Grosfeld
  • Seller: Steven Kamelhair
  • Brokers: Douglas K. Mandel, Zach Levine & Cody Hershey - Marcus & Millichap

This transaction involved key individuals including buyer Mario Grosfeld and seller Steven Kamelhair, with three representatives from Marcus & Millichap, Douglas K. Mandel, Zach Levine, and Cody Hershey, facilitating the deal.

Players

Douglas K. Mandel

Marcus & Millichap

Broker

$1.1B

vol

72 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Mario Grosfeld

Buyer

$93.6M

vol

6 deals

Buyer

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.32%

Cash-on-Cash

-0.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93