City Of Miami Gardens Acquires Land In Miami Gardens For $1.26M
15764 NW 27 Ave, Miami Gardens, Florida 33054, United States
$1,265,000
$37,205/SF
Building Size
34 SF
Asset Type
—
Closing
Sep 12, 2022
About this deal
AI
The City of Miami Gardens has acquired a land asset located at 15764 NW 27 Ave in Miami Gardens. The transaction took place on 12/09/2022, with a sale price of $1,265,000. The land spans an area of 34,848 square feet, resulting in a price per square foot of $36. The seller, Francisco J. Garcia, represented Solid Investments And Developers LLC in the deal. The buyer was represented by Jamie Rose Maniscalco and Alyssa Armstrong from Apex Capital Realty.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,265,000
- Address: 15764 NW 27 Ave, Miami Gardens
- Market: Miami Gardens
- Square Footage: 34,848
- Price Per Square Foot: $36
Jamie Rose Maniscalco and Alyssa Armstrong from Apex Capital Realty acted as the seller's representatives in the transaction. The City of Miami Gardens has made a strategic investment by acquiring this land asset in Miami Gardens.
On the Map
$1,265,000
$37,205/SF
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.54%
Cash-on-Cash
-3.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93