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11055 Killian Park Road, Pi...

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

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

Matias Derito Conway

Broker

$48.7M

vol

10 deals

Broker

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