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
Miami 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
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93