Spectrum Properties Acquires Retail Property In Doral For $22.1M From Seller The Congress Group
5875 NW 105th Ct, Doral, Florida 33178, United States
$22,100,000
$551/SF
Building Size
40,112 SF
Asset Type
Retail
Closing
Jan 11, 2022
About this deal
AI
An off-market retail property in Doral has been sold for $22,100,000. The property, located at 5875 NW 105th Court, spans across 4.2 acres. The transaction was completed on January 11, 2022, and the sale price equates to a price per square foot of $551. The buyer was Spectrum Properties, while the seller was The Congress Group represented by Dean Stratouly. The sale was financed by National Bank.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,100,000
- Address: 5875 NW 105th Court
- Market: Doral
- Size: 4.2 acres
- Buyer: Spectrum Properties
- Seller: The Congress Group (represented by Dean Stratouly)
- Lender: National Bank
- Square Footage: 40,112
- Price Per Square Foot: $551
Dean Stratouly, representing The Congress Group, facilitated the transaction as the seller's representative.
Players
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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93