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10751 NW 25th St, Doral, FL...

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

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

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

$6,000,000

$37/SF

Building Size

162,162 SF

Asset Type

Development Site

Closing

Oct 8, 2020

AI

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

CBRE

Broker

$436M

vol

57 deals

Broker
Jake Zebede
Verified Badge

Jake Zebede

Trustone Realty Advisors

Broker

$333.7M

vol

16 deals

Broker

Sweetwater Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93