Updated Oct 29, 2024
Showcase Acquisitions Acquires Development Site In Wynwood For $4.2M From Seller Philip Knoll
2210 Northwest Miami Court, Wynwood, Miami, FL, USA
$4,200,000
$314/SF
Building Size
13,345 SF
Asset Type
Development Site
Closing
Dec 19, 2019
About this deal
AI
The development site located at 2210 Northwest Miami Court in Wynwood has been sold for $4,200,000. The property, which spans approximately 13,345 square feet, was acquired by Showcase Acquisitions LLC, with Kris Hinson representing the buyer. The transaction took place on 12/20/2019.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $4,200,000
- Address: 2210 Northwest Miami Court
- Market: Wynwood
Miguel Pinto from Apex Capital Realty acted as the broker for the buyer, Kris Hinson. Philip Knoll was the seller of the property. It is worth noting that Kris Hinson made his fortune through co-founding bangbus.com.
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93