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3905 Northwest 107th Avenue...

IRAS Group Sells Retail Property In Doral For $11M With Buyer's Rep Kristina Filippone & Seller's Rep Edward Romo
SOLDRetail

IRAS Group Sells Retail Property In Doral For $11M With Buyer's Rep Kristina Filippone & Seller's Rep Edward Romo

3905 Northwest 107th Avenue, Doral, Florida 33178, United States

$11,000,000

$789/SF

Building Size

13,925 SF

Asset Type

Retail

Closing

Apr 20, 2022

AI

The retail property located at 3905 NW 107th Avenue in Doral has been sold for a total price of $11,000,000. The sale was facilitated by Edward Romo and Scott Sandelin from Marcus & Millichap, who represented the seller, IRAS Group. Kristina Filippone from First City Realty Partners Inc acted as the buyer's representative in the transaction. The property spans a total area of 13,925 square feet, resulting in a price per square foot of $790.

Summary of transaction details:

  • Property Type: Retail
  • Sale Price: $11,000,000
  • Address: 3905 NW 107th Avenue, Doral
  • Market: Doral
  • Square Footage: 13,925
  • Price Per Square Foot: $790

This transaction was completed on 04/21/2022, with the retail property being the asset of interest. IRAS Group served as the seller, with Edward Romo and Scott Sandelin representing them as the seller's representatives from Marcus & Millichap. The buyer was represented by Kristina Filippone of First City Realty Partners Inc.

Players

Scott Sandelin

Marcus & Millichap

Broker

$296.3M

vol

29 deals

Broker
IG
IRAS GroupSeller

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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93