Benito Irastorza, Jean Paul Irastorza & Christian Irastorza Sell Doral Retail Property for $9.7M
3655 Northwest 107th Avenue
$9,700,000
$633/SF
Building Size
15,314 SF
Asset Type
Retail
Closing
Jan 9, 2025
AI
The property asset involved in this transaction is a retail space located at 3655 Northwest 107th Avenue in the Doral market. The sale price was $9,700,000 for a total square footage of 15,314, translating to a price per square foot of $633.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,700,000
- Sale Date: 01/09/2025
- Buyer: Abdiel Lopez, Kyle Lopez & Yida Alfonso Lopez
- Seller: Benito Irastorza, Jean Paul Irastorza & Christian Irastorza
- Brokers: Scott Sandelin & Edward Romo - Marcus & Millichap
In this deal, the buyers, Abdiel Lopez, Kyle Lopez, and Yida Alfonso Lopez, acquired the property from sellers Benito Irastorza, Jean Paul Irastorza, and Christian Irastorza, with representation from brokers Scott Sandelin and Edward Romo of Marcus & Millichap, facilitating the transaction.
Players
Doral Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93