Lorenzo L Enterprises-1 LLC Acquires Retail Property In Doral For $23 Million From M Holding LLC
8505 Northwest 12th Street
$23,000,000
$1,190/SF
Building Size
19,316 SF
Asset Type
Retail
Closing
Aug 3, 2026
About this deal
AI
The retail asset located at 8505 Northwest 12th Street in Doral, FL consists of 19,316 square feet on a 3.27-acre lot. It was sold for $23,000,000, representing a price per square foot of $1,191. The property is currently leased to HGreg Lux, which intends to move to a larger headquarters in the future.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $23,000,000
- Buyer: Lorenzo Llerna - Lorenzo L Enterprises-1 LLC
- Seller: Henry F. Martell - M Holding LLC
- Square Footage: 19,316
- Price per Square Foot: $1,191
- Address: 8505 Northwest 12th Street, Doral, FL
- Acres: 3.27
Lorenzo L Enterprises-1 LLC is expanding its footprint next to the existing Lorenzo Buick GMC dealership through this acquisition. The transaction was overseen by Henry F. Martell representing M Holding LLC as the seller.
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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93