Jared Brunnabend Acquires Wynwood Development Site For $2.5M
SOLD
$2,500,000
Florida
See Similar DealsDevelopment Site5,300 SF
Sold 10/12/2022
SOLD
Jared Brunnabend Acquires Wynwood Development Site For $2.5M
153 Northwest 25th Street
See Similar DealsDevelopment Site5,300 SF
Sold 10/12/2022
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$471
Total Square Footage:5,300 SF
Transaction Type:Sale
A development site in Wynwood has been sold for $2,500,000. The property, located at 153 NW 25 Street, has a buildable square footage (BSF) of 5,300. The sale price equates to approximately $472 per square foot.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,500,000
- Address: 153 NW 25 Street
- Market: Wynwood
- BSF: 5,300
- Price per BSF: $472
The buyer of the property is Jared Brunnabend. Representing the buyer in this deal is Alfredo Riascos from Gridline Properties. The seller of the property is the Doris Friedopher Family Trust, with John Crotty from Avison Young serving as their representative.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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