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Alp Kucukoner Of NGI International Realty Acquires Development Site In Doral For $6M

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SOLD
$6,000,000
Tom O'Loughlin
Larry Genet
+ 1

National

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Development Site162,162 SF
Sold 10/09/2020
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Property Image
SOLD

Alp Kucukoner Of NGI International Realty Acquires Development Site In Doral For $6M

10751 NW 25th St, Doral, FL 33172, USA

See Similar Deals
Development Site162,162 SF
Sold 10/09/2020
Tom O'Loughlin
Larry Genet
+ 1
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Summary

Asset Type:Development Site
Price Per Square Foot:$37
Total Square Footage:162,162 SF
Transaction Type:Sale

A development site located at 10751 NW 25th Street in Doral has been sold for $6,000,000. The property spans a total square footage of 162,162, resulting in a price per square foot of $37. The transaction took place on October 9, 2020.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $6,000,000
  • Address: 10751 NW 25th Street, Doral
  • Market: Doral
  • Seller: REMS Group
  • Buyer's Rep: Alp Kucukoner - NGI International Realty
  • Seller's Rep: Larry Genet, Tom O'Loughlin, & Jake Zebede - CBRE
  • BSF: 162,162
  • PPBSF: $37

The buyer's representative in this transaction was Alp Kucukoner from NGI International Realty. The seller was represented by Larry Genet, Tom O'Loughlin, and Jake Zebede from CBRE.

Players

Larry Genet
57 deals$436M volume(305) 807-0004
BROKER

Jake Zebede
Trustone Realty Advisors
16 deals$333.7M volume
BROKER

Tom O'Loughlin
CBRE
56 deals$831.7M volume(954) 817-3919
BROKER

Alp Kucukoner
2 deals$9.7M volume
BROKER

Details

SOLD
IMAGE: IMAGE: Jake Zebede, Larry Genet, Tom O’Loughlin, & Alp Kucukoner⁠ DATE: 10/09/2020⁠ ADDRESS: 10751 NW 25th Street⁠ MARKET: Doral⁠ ASSET TYPE: Development Site⁠ SELLER: REMS Group⁠ BUYER’S REP: Alp Kucukoner – NGI International Realty⁠ SELLER’S REP: Larry Genet, Tom O’Loughlin, & Jake Zebede – CBRE⁠ PRICE: $6,000,000⁠ BSF: 162,162 / PPBSF: $37⁠ […]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

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Cash-on-Cash Return-1.27%
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