OMNY USA Acquires Development Site In Miami From Robinsons Industries For $4.5M
SOLD
$4,500,000
Florida
See Similar DealsDevelopment Site28,400 SF
Sold 12/29/2020
SOLD
OMNY USA Acquires Development Site In Miami From Robinsons Industries For $4.5M
100 Northeast 21st Street
See Similar DealsDevelopment Site28,400 SF
Sold 12/29/2020
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$158
Total Square Footage:28,400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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