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15764 NW 27 Ave, Miami Gard...

City Of Miami Gardens Acquires Land In Miami Gardens For $1.26M
SOLD

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

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.

Players

Jamie Rose Maniscalco

The Alpha Commercial

Broker

$197.5M

vol

57 deals

Broker
CG
City of Miami GardensBuyer

Francisco J. Garcia

Solid Investments And Developers LLC

Seller

$4M

vol

3 deals

Seller

Opa Locka CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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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