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20 Northeast 41st Street

Orchard Holding Invest Group Sells Development Site In Miami For $6.2M With Buyer's Rep Alex Cesar - CBRE
SOLDDevelopment Site

Orchard Holding Invest Group Sells Development Site In Miami For $6.2M With Buyer's Rep Alex Cesar - CBRE

20 Northeast 41st Street

$6,200,000

$1,960/SF

Building Size

3,163 SF

Asset Type

Development Site

Closing

Jul 12, 2022

AI

The development site located at 20 NE 41st St in Miami has been sold for a price of $6,200,000. The property spans a total of 3,163 square feet, equating to a price per square foot of $1,960. The buyer's representative in the deal was Alex Cesar from CBRE, while Tony Arellano and Devlin Marinoff from DWNTWN Realty Advisors, LLC represented the seller, Orchard Holding Invest Group.

Summary of transaction details:

The sale of this development site in Miami was facilitated by a team of experienced real estate professionals. Alex Cesar from CBRE acted as the representative for the buyer, ensuring their interests were protected throughout the transaction. On the other side, Tony Arellano and Devlin Marinoff from DWNTWN Realty Advisors, LLC served as the seller's representatives, working diligently to secure a successful deal for Orchard Holding Invest Group.

Players

Tony Arellano
Verified Badge

Tony Arellano

DWNTWN Realty Advisors

Broker

$1.6B

vol

152 deals

Broker

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

2.56%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93