United Real Estate Miami Acquires Development Site In Miami For $2.4M
SOLD
$2,400,000
Florida
See Similar DealsDevelopment Site3,921 SF
Sold 06/30/2023
SOLD
United Real Estate Miami Acquires Development Site In Miami For $2.4M
13775 SW 260th St Homestead, FL 33032, USA
See Similar DealsDevelopment Site3,921 SF
Sold 06/30/2023
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$612
Total Square Footage:3,921 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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