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North Development Group Acquires Development Site In Miami For $14.95M

Property Image
SOLD
$14,950,000
Arturo Vidal, CFA

Florida

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Development Site44,474 SF
Sold 12/07/2023
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Property Image
SOLD

North Development Group Acquires Development Site In Miami For $14.95M

221 Sw 11th St miam & 229 Southwest 11th Street

See Similar Deals
Development Site44,474 SF
Sold 12/07/2023
Arturo Vidal, CFA
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$336
Total Square Footage:44,474 SF
Transaction Type:Sale

A development site located at 221 & 229 Southwest 11th Street in Miami has been sold for a price of $14,950,000. The property spans over 22,237 square feet and has a price per square foot of $672. The building's total square footage is 397,355, resulting in a price per total square foot of $38.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $14,950,000
  • SF: 22,237
  • PPSF: $672
  • BSF: 397,355
  • PPBSF: $38
  • Address: 221 & 229 Southwest 11th Street, Miami

The buyer of the development site is North Development Group represented by Eduardo Vargas Quevedo, Arturo Vidal, Ricardo Dunin, and Juan Carlos Tassara. On the other hand, the seller is Angela M Sharkey & Schrager Trust.

Players

Arturo Vidal, CFA
5 deals$330.9M volume(305) 204-5003
BROKER

Ricardo Dunin
6 deals$279.3M volume
BUYER

Ricardo Dunin
6 deals$279.3M volume
BUYER

Arturo Vidal, CFA
5 deals$330.9M volume
BUYER

North Development
BUYER


2 deals$30M volume
SELLER

Details

SOLD
IMAGE: Eduardo Vargas Quevedo, Arturo Vidal, Ricardo Dunin & Juan Carlos Tassara DATE: 12/07/2023 ADDRESS: 221 & 229 Southwest 11th Street MARKET: Miami ASSET TYPE: Development Site BUYER: North Development Group (@NorthDevelopmentGroup) - Eduardo Vargas Quevedo, Arturo Vidal, Ricardo Dunin & Juan Carlos Tassara SELLER: Angela M Sharkey & Schrager Trust SALE PRICE: $14,950,000 SF: 22,237 ~ PPSF: $672 BSF: 397,355 ~ PPBSF: $38

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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