Cemex Acquires 152 Acres Of Land In Miami For $33M
Northwest 127th Avenue & Northwest 138th Street, Miami, FL 33178
$33,000,000
Building Size
—
Asset Type
—
Closing
Sep 10, 2021
About this deal
AI
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.
On the Map
$33,000,000
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Hialeah CRE Market Snapshot
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93