Updated Sep 9, 2024
Michelle Villeda Acquires Development Site In Miami For $16M From Seller Israel Kopel
2260 Northwest 27th Avenue
$16,000,000
Building Size
—
Asset Type
Development Site
Closing
Aug 11, 2022
About this deal
AI
The development site located at 2260 NW 27th Ave in Miami has been sold in a closed transaction. The property features a total building square footage (BSF) of 258,746 square feet. The sale price for this transaction was $16,000,000, resulting in a price per BSF (PPBSF) of $62.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $16,000,000
- Address: 2260 NW 27th Ave, Miami
The buyer in this transaction is Michelle Villeda, while the seller is Israel Kopel. Representing the seller as their representative is Deme Mekras from MSP Group LLC.
Players
Miami Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93