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15764 Nw 27 Ave

City Of Miami Gardens Acquires Land In Miami Gardens For $1.3M With Seller's Rep Jamie Rose Maniscalco And Alyssa Armstrong - Apex Capital Realty
SOLDDevelopment Site

City Of Miami Gardens Acquires Land In Miami Gardens For $1.3M With Seller's Rep Jamie Rose Maniscalco And Alyssa Armstrong - Apex Capital Realty

15764 Nw 27 Ave

$1,265,000

Building Size

Asset Type

Development Site

Closing

Dec 9, 2022

AI

The City of Miami Gardens has acquired a land asset located at 15764 NW 27 Ave in Miami Gardens. The property spans 34,848 square feet and was sold for a total price of $1,265,000. The sale price translates to a per square foot price of $36.

Summary of transation details

  • Property Type: Land
  • Transaction Amount: $1,265,000

Francisco J. Garcia, representing Solid Investments And Developers LLC, acted as the seller in this transaction. The buyer, the City of Miami Gardens, was represented by Jamie Rose Maniscalco and Alyssa Armstrong from Apex Capital Realty.

Players

Jamie Rose Maniscalco

The Alpha Commercial

Broker

$197.5M

vol

57 deals

Broker
CG
City of Miami GardensBuyer

Francisco J. Garcia

Solid Investments And Developers LLC

Seller

$4M

vol

3 deals

Seller

Citra 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

12.54%

Cash-on-Cash

-3.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93