Roger Gimal Acquires Development Site In Miami Gardens For $1.45M
SOLD
Florida
See Similar DealsDevelopment Site47,480 SF
Sold 11/04/2021
SOLD
Roger Gimal Acquires Development Site In Miami Gardens For $1.45M
19251 Northwest 27th Court, Miami Gardens, FL 33056, USA
See Similar DealsDevelopment Site47,480 SF
Sold 11/04/2021
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$30
Total Square Footage:47,480 SF
Transaction Type:Sale
The property involved in the transaction is a Development Site located at 19251 NW 27th Avenue in Miami Gardens. The property spans an area of 1.09 acres. The sale price for this asset was $1,450,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,450,000
- Date: 11/04/2021
- Buyer: Roger Gimal
- Seller: Scott Whittaker - Latigo Group
- Brokers: Jamie Rose Maniscalco & Alyssa Armstrong - Apex Capital Realty
The deal's key individuals involved in this transaction were Jamie Rose Maniscalco and Alyssa Armstrong from Apex Capital Realty who served as the brokers representing the buyer and seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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