Updated Oct 28, 2024
Faith Group Acquires Development Site In Miami Gardens For $25M
19199 Northwest 27th Avenue, Miami Gardens, FL, USA
$25,000,000
$15/SF
Building Size
1,642,125 SF
Asset Type
Development Site
Closing
Aug 5, 2020
About this deal
AI
The development site located at 19199 NW 27th Ave in Miami Gardens has been sold for a price of $25,000,000. The property spans across 35.7 acres, resulting in a price per acre (PPA) of $700,280. This sale took place on August 5, 2021.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $25,000,000
- Address: 19199 NW 27th Ave
- Market: Miami Gardens
- Acres: 35.7
- Price per Acre (PPA): $700,280
The buyer of this development site is the Faith Group represented by Roland Faith. On the other hand, the seller is BH Miami Gardens Development LLC, with Joseph Mimoun as their representative in the deal.
Players
Miami Gardens Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Roland Faith to view all their deals.
Browse Florida development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93