HQ Realty International Group And Compass LLC Acquires Development Site In Pinecrest For $2.3M
11055 Killian Park Road, Pinecrest, FL 33156
$2,300,000
$59/SF
Building Size
38,765 SF
Asset Type
Development Site
Closing
Oct 4, 2021
AI
A development site located at 11055 Killian Park Rd in Pinecrest has been sold for $2,300,000. The property was listed with an asking price of $2,499,000. With a building square footage (BSF) of 38,765, the price per building square footage (PPBSF) comes out to $59. Matias Derito Conway of HQ Realty International Group and Levi Meyer of Compass LLC represented the buyer in this transaction.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,300,000
- Address: 11055 Killian Park Rd
- Market: Pinecrest
In this deal, Matias Derito Conway from HQ Realty International Group and Levi Meyer from Compass LLC served as the buyer's representatives. They played a crucial role in facilitating the purchase of this development site in Pinecrest.
Players
Pinecrest 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93