SOLDDevelopment Site
Pamela Suarez Acquires Development Site In Miami For $4.95M
2200 Sw 3 Ave
$4,950,000
$352/SF
Building Size
14,040 SF
Asset Type
Development Site
Closing
Feb 3, 2023
AI
A development site located at 2200 SW 3rd Ave in Miami has been sold for $4,950,000. The property spans 14,040 square feet, resulting in a price per square foot of $353.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,950,000
- Address: 2200 SW 3rd Ave, Miami
- Square Footage: 14,040
- Price per Square Foot: $353
The buyer in this transaction is Pamela Suarez, while A. Ascaso is the seller. The deal was facilitated by Sam Gaita from The Corcoran Group and Dina Goldentayer.
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
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93