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HQ Realty International Group And Compass LLC Acquires Development Site In Pinecrest For $2.3M

Property Image
SOLD
$2,300,000
Levi Meyer
Matias Derito Conway

Florida

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Development Site38,765 SF
Sold 10/04/2021
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Property Image
SOLD

HQ Realty International Group And Compass LLC Acquires Development Site In Pinecrest For $2.3M

11055 Killian Park Road, Pinecrest, FL 33156

See Similar Deals
Development Site38,765 SF
Sold 10/04/2021
Levi Meyer
Matias Derito Conway
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$59
Total Square Footage:38,765 SF
Transaction Type:Sale

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

Matias Derito Conway
Matias Derito Conway
10 deals$48.7M volume
BROKER
Levi Meyer
Compass
Levi Meyer
2 deals$5.9M volume
BROKER

Details

SOLD
IMAGE: Levi Meyer & Matias Derito Conway DATE: 10/04/2021 ADDRESS: 11055 Killian Park Rd MARKET: Pinecrest ASSET TYPE: Development Site BUYER'S REP: Matias Derito Conway (@MatiasDerito) - HQ Realty International Group; Levi Meyer - Compass LLC ASKING PRICE: $2,499,000 SALE PRICE: $2,300,000 BSF: 38,765 ~ PPBSF: $59

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$122,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08