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
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.
Players
Cutler Bay Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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