Terreno Realty Corp. Acquires Development Site In Miami For $5.8M
3000 Northwest 73rd Street, Miami, FL 33147
$5,800,000
$45/SF
Building Size
128,844 SF
Asset Type
Development Site
Closing
Apr 6, 2021
AI
A development site located at 3000 NW 73rd Street in Miami has been sold for $5,800,000. The property spans across 5.8 acres, resulting in a price per acre of approximately $1,000,000. This transaction took place on April 7, 2021.
Summary of Transaction Details:
- Property Type: Development Site
- Transaction Amount: $5,800,000
- Address: 3000 NW 73rd Street, Miami
- Market: Miami
- Buyer: Terreno Realty Corp. - W. Blake Baird & Michael A. Coke
- Acres: 5.8
- Price per Acre: $1,000,000
- Date: April 7, 2021
Terreno Realty Corp., represented by W. Blake Baird and Michael A. Coke, acquired the development site at 3000 NW 73rd Street in Miami for a total price of $5,800,000. This purchase encompasses 5.8 acres of land, resulting in a price per acre of approximately $1,000,000. The transaction was completed on April 7, 2021.
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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93