Belisana Investments Acquires Retail Property In Doral For $6.1M
2255 Northwest 87th Avenue, Doral, FL, USA
$6,100,000
$812/SF
Building Size
7,511 SF
Asset Type
Retail
Closing
Oct 4, 2021
AI
An 1.1-acre retail property located at 2255 Northwest 87th Avenue in Doral has been sold for a total price of $6,100,000. The property spans across 7,511 square feet, resulting in a price per square foot of $812. The transaction took place on October 5, 2021.
Summary of Transation Details:
- Property Type: Retail
- Transaction Amount: $6,100,000
- Address: 2255 Northwest 87th Avenue, Doral
- Market: Doral
- Acres: 1.1
Jair Luis Gomes Fontes, representing Belisana Investments, acted as the buyer in the deal. The seller was Mark Vasturo, known for Shorty's BBQ.
Players
Doral 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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93