North Development Acquires Development Site In Miami For $18.2 Million From Zena Bardawell And Manuel Calas
142 Southwest 9th Street
$18,200,000
$808/SF
Building Size
22,500 SF
Asset Type
Development Site
Closing
Dec 18, 2025
AI
The development site located at 142 Southwest 9th Street in Miami has been sold for a total price of $18,200,000. The site encompasses 576,874 BSF, translating to a price per BSF of $31. The total square footage of the site is 22,500, which equates to a price per square foot of $808.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $18,200,000
- Address: 142 Southwest 9th Street
- Market: Miami
- BSF: 576,874
- PPBSF: $31
- SF: 22,500
- PPSF: $808
- Buyer: Ricardo Dunin, Juan Carlos Tassara, Arturo Vidal & Eduardo Vargas - North Development
- Seller: Zena Bardawell & Manuel Calas
The transaction involved the buyers Ricardo Dunin, Juan Carlos Tassara, Arturo Vidal, and Eduardo Vargas, all acting on behalf of North Development. The sellers in this deal are Zena Bardawell and Manuel Calas.
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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93