Abdiel Lopez, Kyle Lopez & Yida Alfonso Lopez Purchase Retail Asset In Doral For $9.7M
SOLD
$9,700,000
Florida
See Similar DealsRetail15,314 SF
Sold 01/09/2025
SOLD
Abdiel Lopez, Kyle Lopez & Yida Alfonso Lopez Purchase Retail Asset In Doral For $9.7M
3655 Northwest 107th Avenue
See Similar DealsRetail15,314 SF
Sold 01/09/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$633
Total Square Footage:15,314 SF
Transaction Type:Sale
The retail property located at 3655 Northwest 107th Avenue in Doral has a sale price of $9,700,000. The property encompasses an area of 15,314 square feet, resulting in a price per square foot of $633.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,700,000
- Address: 3655 Northwest 107th Avenue
- Market: Doral
- Square Footage: 15,314
- Price per Square Foot: $633
- Buyer: Abdiel Lopez, Kyle Lopez & Yida Alfonso Lopez
- Seller: Benito Irastorza, Jean Paul Irastorza, Christian Irastorza
- Brokers: Scott Sandelin & Edward Romo - Marcus & Millichap
The transaction features Abdiel Lopez, Kyle Lopez, and Yida Alfonso Lopez as the buyers, while the sellers are Benito Irastorza, Jean Paul Irastorza, and Christian Irastorza. The brokerage representation in this deal is provided by Scott Sandelin and Edward Romo from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$517,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,462.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,982.95
Annual Debt Service$551,795.38
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