Keyes Company Sells Development Site In Miami For $4M
1546 Sw 27th Avenue
$4,000,000
$201/SF
Building Size
19,840 SF
Asset Type
Development Site
Closing
Feb 15, 2023
AI
A development site located at 1546 SW 27th Avenue in Miami has been sold for $4,000,000. Spanning across 19,840 square feet, the property was transacted at a price per square foot of $202.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,000,000
- Square Footage: 19,840
- Price per Square Foot: $202
- Address: 1546 SW 27th Avenue, Miami
The seller of the development site was Naim Baig. The transaction was facilitated by Tony Ulloa & Marcos Macias from The Keyes Company, serving as the seller's representatives.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93