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2255 Northwest 87th Avenue,...

Belisana Investments Acquires Retail Property In Doral For $6.1M
SOLDRetail

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