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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

Property Image
SOLD
$1,265,000
Alyssa Armstrong
Jamie Rose Maniscalco
FG

Florida

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Development Site
Sold 12/09/2022
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Property Image
SOLD

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

See Similar Deals
Development Site
Sold 12/09/2022
Alyssa Armstrong
Jamie Rose Maniscalco
FG
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Sale

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
Jamie Rose Maniscalco
56 deals$195.6M volume
BROKER
Alyssa Armstrong
APEX Capital Realty
Alyssa Armstrong
5 deals$8M volume
BROKER
CG
City of Miami Gardens
BUYER
FG
Francisco J. Garcia
3 deals$4M volume
SELLER

Details

SOLD
IMAGE: Jamie Rose Maniscalco & Alyssa Armstrong DATE: 12/09/2022 ADDRESS: 15764 NW 27 Ave MARKET: Miami Gardens ASSET TYPE: Land BUYER: City Of Miami Gardens SELLER: Francisco J. Garcia - Solid Investments And Developers LLC SELLER'S REP: Jamie Rose Maniscalco (@Jamie_R0se), (@Land_Deals) & Alyssa Armstrong (@Alyssa_Miami_CRE) - Apex Capital Realty (@ApexCapitalRealty) SALE PRICE: $1,265,000 SF: 34,848 ~ PPSF: $36

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$67,466.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,494.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,996.75
Annual Debt Service$71,960.94