Updated Jul 3, 2025
Lauris Boulanger Acquires Development Site In Opa Locka For $1.75M
13700 NW 22nd Ave, Opa-locka, FL, USA
$1,750,000
$24/SF
Building Size
72,344 SF
Asset Type
Development Site
Closing
Oct 8, 2021
About this deal
AI
The development site located at 13700 NW 22nd Ave in Opa Locka has been sold for a price of $1,750,000. The property spans a total of 72,344 square feet and was sold at a rate of $24 per square foot. The total building square footage is 87,556, resulting in a price per building square foot of $20.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,750,000
- Address: 13700 NW 22nd Ave, Opa Locka
- Market: Opa Locka
The buyer of the property is Lauris Boulanger, while the seller is Andrew Herskowitz. The transaction was facilitated by the brokers Shelly Argy and Ryan Shaw from Marcus & Millichap.
Players
Opa Locka 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93