Updated Dec 4, 2024
Pedro Camejo & Alex Garcia Acquire Development Site In Cutler Bay For $4M
11190 Southwest 211th Street, 36 Southwest 211th Street,Cutler Bay,Florida 33189, 6007 Southwest 211th Street,Cutler Bay,Florida 33189, 022 Southwest 211th Street,Cutler Bay,Florida 33189 & 0030 Southwest 211th Street,Cutler Bay,Florida 33189
$4,000,000
Building Size
—
Asset Type
Development Site
Closing
Nov 28, 2022
About this deal
AI
A development site located at 11190 Southwest 211th Street in Cutler Bay has been sold for a total of $4,000,000. The property is situated on parcel 36-6007-022-0030. The transaction took place on November 28, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,000,000
- Address: 11190 Southwest 211th Street, Cutler Bay
- Parcel: 36-6007-022-0030
- Market: Cutler Bay
The buyer of the development site is Pedro Camejo from CAM Group 211 and Alex Garcia from 5 Aces Capital. The seller is Hector Flores. The deal was facilitated by Maria Patty Bolanos and Josephine Markferding from The Canero Group.
On the Map
$4,000,000
Development Site
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Players
Cutler Bay 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93