North Development Acquires Development Site In Miami For $18.2 Million From Zena Bardawell And Manuel Calas
SOLD
$18,200,000
Florida
See Similar DealsDevelopment Site22,500 SF
Sold 12/19/2025
SOLD
North Development Acquires Development Site In Miami For $18.2 Million From Zena Bardawell And Manuel Calas
142 Southwest 9th Street
See Similar DealsDevelopment Site22,500 SF
Sold 12/19/2025
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$808
Total Square Footage:22,500 SF
Transaction Type:Sale
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
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$970,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$64,660.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,277.29
Annual Debt Service$1,035,327.42
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