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
Citra Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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