Updated Oct 28, 2024
GKEG Acquires Development Site In Goulds, FL For $1.6M
23025 South Dixie Highway, Miami, FL 33189, USA
$1,600,000
$22/SF
Building Size
70,000 SF
Asset Type
Development Site
Closing
Jul 31, 2020
About this deal
AI
A development site located at 23025 South Dixie Hwy in Goulds, FL was recently sold in a closed transaction. The property, with an asking price and sale price of $1,600,000, is spread across 70,000 square feet. The price per square foot for the property is $23.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,600,000
- Address: 23025 South Dixie Hwy, Goulds, FL
- Market: Goulds, FL
The seller of the development site in this transaction was GKEG, represented by Jad Francis. The deal was facilitated by John-Paul Piedra from Kerdyk Real Estate.
Cutler Bay 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93