Updated Dec 4, 2024
OMNY USA Acquires Development Site In Miami From Robinsons Industries For $4.5M
100 Northeast 21st Street
$4,500,000
$158/SF
Building Size
28,400 SF
Asset Type
Development Site
Closing
Dec 29, 2020
About this deal
AI
An development site located at 100-118 Northeast 21st Street in Miami has been sold for a total of $4,500,000. The transaction took place on December 29, 2020, with the buyer being OMNY USA and the seller being Robinsons Industries. This development site has a total buildable square footage (BSF) of 28,400, which results in a price per buildable square footage (PPBSF) of $158.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $4,500,000
- Address: 100-118 Northeast 21st Street, Miami
- Market: Miami
- Buyer: OMNY USA
- Seller: Robinsons Industries
- BROKERS:
- David Moyal - Compass
- Tomi Rose - Douglas Elliman
- Sasha Berg & Sylvia Spielman - GFI Realty Services, LLC
- BSF: 28,400
- PPBSF: $158
The deal was facilitated by several brokers, including David Moyal from Compass, Tomi Rose from Douglas Elliman, and Sasha Berg and Sylvia Spielman from GFI Realty Services, LLC.
On the Map
$4,500,000
$158/SF
Development Site
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Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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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