Esteban Koffsman Acquires Development Site In Goulds For $4M
21220 Southwest 115th Road
$4,000,000
$40/SF
Building Size
98,899 SF
Asset Type
Development Site
Closing
May 1, 2024
AI
The sale involved a development site located at 21220 Southwest 115th Road in Goulds, Miami. The property was sold for $4,000,000 with a size of 98,899 square feet, resulting in a price per square foot of $40.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,000,000
- Buyer: Esteban Koffsman
- Seller: Alberto J Perez
- Buyer's Rep: Janet Crucet & Kristine Flook - Urbanize Properties; Anthony DeLaHoz - Realty World
- Seller's Rep: Stephen Rigl, CCIM, SIOR - Stephen R. Rigl Commercial Real Estate Services; Danny Zelonker, CCIM, SIOR - Z Miami Commercial Real Estate
- Market: Goulds
- Address: 21220 Southwest 115th Road, Miami
- SF: 98,899
- PPSF: $40
The key individuals involved in the transaction were Janet Crucet, Kristine Flook, Anthony DeLaHoz, Stephen Rigl, and Danny Zelonker. The buyer's representatives from Urbanize Properties, along with Anthony DeLaHoz, facilitated the off-market acquisition of the development site, emphasizing the strategic value of the investment. The seller's representatives, Stephen Rigl and Danny Zelonker, brought their expertise to ensure a successful completion of the deal, showcasing a commitment to delivering real estate opportunities in the Miami area.
Players
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93