Benito Irastorza, Jean Paul Irastorza & Christian Irastorza Sell Doral Retail Property for $9.7M
SOLD
$9,700,000
Florida
See Similar DealsRetail15,314 SF
Sold 01/09/2025
SOLD
Benito Irastorza, Jean Paul Irastorza & Christian Irastorza Sell Doral Retail Property 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 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.
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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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