Cemex Acquires 152 Acres Of Land In Miami For $33M
SOLD
$33,000,000
Florida
See Similar DealsSold 09/10/2021
SOLD
Cemex Acquires 152 Acres Of Land In Miami For $33M
Northwest 127th Avenue & Northwest 138th Street, Miami, FL 33178
See Similar DealsSold 09/10/2021
Summary
FLORIDA
Transaction Type:Sale
Fernando González captured a photo of the property located at Northwest 138th Street and Northwest 127th Avenue in Miami on September 10, 2021. The property is a land asset spanning approximately 152 acres.
Summary of transation details
- Property Type: Land
- Transaction Amount: $33,000,000
- Address: Northwest 138th Street and Northwest 127th Avenue, Miami
- Market: Miami
- Buyer: Cemex - Fernando González
- Seller: Miaprop LLC - Timothy Barket & Kelly Barket Jr.
Cemex, represented by Fernando González, acquired the land from Miaprop LLC, represented by Timothy Barket Jr. and Kelly Barket Jr., for a sale price of $33,000,000.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,759,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03
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