Mario Grosfeld Purchases Retail Property From Steven Kamelhair In Aventura For $6.85M
SOLD
$6,850,000
Florida
See Similar DealsRetail6,650 SF
Sold 09/10/2025
SOLD
Mario Grosfeld Purchases Retail Property From Steven Kamelhair In Aventura For $6.85M
21215 Biscayne Boulevard
See Similar DealsRetail6,650 SF
Sold 09/10/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,030
Total Square Footage:6,650 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$365,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,336.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,472.49
Annual Debt Service$389,669.94
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