Frank C. Mena & Michael Baldwin Acquire Land In Miami For $3.5M
7990 SW 112th St, Miami, FL, USA
$3,500,000
$45/SF
Building Size
77,536 SF
Asset Type
—
Closing
Jul 19, 2021
About this deal
AI
A land located at 7990 SW 112th St in Miami has been sold for a transaction amount of $3,500,000. This property is part of the real estate market in Miami.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,500,000
Frank C. Mena & Michael Baldwin purchased the land from Steve Saiont & Mark Somerstein.
The commercial sale at 7990 SW 112th St, Miami, FL, USA in Kendall, Florida sold for $3.5M in 2021. The building is 77,536 square feet, implying about 45 per square foot on the published price. This page is the Kendall, Florida file for the 7990 SW 112th St, Miami, FL, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Kendall sit in the Market section below. Filter that Kendall commercial set by closing date to see what else sold near 7990 SW 112th St, Miami, FL, USA around 2021. Published consideration for 7990 SW 112th St, Miami, FL, USA is $3.5M, dated 2021. Cite this Frank C. Mena & Michael Baldwin Acquire Land In Miami For $3.5M sale when underwriting similar commercial product around Kendall, Florida.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93