Omni America Acquires Development Site From Rob Inson Industries In Miami For $4.5M
100 118 Ne 21st St
$4,500,000
Building Size
—
Asset Type
Development Site
Closing
Jan 6, 2021
AI
The asset involved in this transaction is a development site located at 100 118 Ne 21st St in Miami. The property was sold for $4,500,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,500,000.00
- Buyer: Omni America
- Seller: Rob Inson Industries
- Brokers: Sasha Berg (GFI Realty Services), Zachary Fuchs (GFI Realty Services), Sylvia Spielman
- Transaction Date: 01/06/2021
Key individuals in this transaction include the buyer, Omni America, and the seller, Rob Inson Industries. The brokers facilitating the deal were Sasha Berg and Zachary Fuchs, both from GFI Realty Services, along with Sylvia Spielman.
Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93