United Real Estate Miami Acquires Development Site In Miami For $2.4M
13775 SW 260th St Homestead, FL 33032, USA
$2,400,000
$612/SF
Building Size
3,921 SF
Asset Type
Development Site
Closing
Jun 30, 2023
AI
A development site located at 13775 SW 260 St in Miami has been sold for a price of $2,400,000. The property spans 3,921 square feet, resulting in a price per square foot of $612.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,400,000
- Address: 13775 SW 260 St, Miami
- Market: Miami
- Brokers: Michael Tavera & Claudia Caicedo - Tavera Caicedo Group - United Real Estate Miami
- Square Footage: 3,921
- Price per Square Foot: $612
Represented by Michael Tavera and Claudia Caicedo of Tavera Caicedo Group at United Real Estate Miami, the sale of this development site highlights the successful collaboration between buyer and seller. With its prime location in Miami, the property offers ample potential for future development.
Players
Miami 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93