Water Park Villas LLC Purchases Land In Miami For $5.3M
190 NW 162nd St, Miami, FL, USA
$5,300,000
$291/SF
Building Size
18,212 SF
Asset Type
—
Closing
Sep 30, 2021
About this deal
AI
The land located at 190 NW 162nd St in Miami has been sold in a recent transaction. The property was purchased by Water Park Villas LLC from Ronny Akermann for a sale price of $5,300,000.
Summary of transaction details
- Property Type: Land
- Sale Price: $5,300,000
- Address: 190 NW 162nd St
- Market: Miami
Water Park Villas LLC emerged as the buyer in this deal, while Ronny Akermann acted as the seller. The transaction took place on October 1, 2021.
The commercial sale at 190 NW 162nd St, Miami, FL, USA in Miami, Florida sold for $5.3M in 2021. The building is 18,212 square feet, implying about 291 per square foot on the published price. This page is the Miami, Florida file for the 190 NW 162nd St, Miami, FL, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Miami sit in the Market section below. Filter that Miami commercial set by closing date to see what else sold near 190 NW 162nd St, Miami, FL, USA around 2021. Published consideration for 190 NW 162nd St, Miami, FL, USA is $5.3M, dated 2021. Cite this Water Park Villas LLC Purchases Land In Miami For $5.3M sale when underwriting similar commercial product around Miami, Florida.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93