Benito Irastorza & JP Irastorza Sell Retail Property In Doral For $11M
SOLD
$11,000,000
Florida
See Similar DealsRetail13,925 SF
Sold 04/13/2022
SOLD
Benito Irastorza & JP Irastorza Sell Retail Property In Doral For $11M
3887 Northwest 107th Avenue, Doral, Florida 33178, United States
See Similar DealsRetail13,925 SF
Sold 04/13/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$789
Total Square Footage:13,925 SF
Transaction Type:Sale
A retail property located at 3887 NW 107th Ave in Doral has been sold for $11,000,000. The property spans an area of 13,925 square feet, resulting in a price per square foot of $790.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $11,000,000
- Address: 3887 NW 107th Ave
- Market: Doral
The seller of the property was Benito Irastorza & JP Irastorza. The sale was facilitated by brokers Scott Sandelin and Eddie Romo from Marcus & Millichap, as well as Kristina Fillppone from First City Realty Partners.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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