facebook
Traded Co logo
Submit

Allapattah CDC Purchases Development Site In Miami From Jose Barrios For $3.3M

Property Image
SOLD
$3,300,000

Florida

See Similar Deals
Development Site9,105 SF
Sold 06/30/2025
the dealplayerscompscontact
Property Image
SOLD

Allapattah CDC Purchases Development Site In Miami From Jose Barrios For $3.3M

3010 Northwest 17th Avenue, 3016 Northwest 17th Avenue & 3028 Northwest 17th Avenue

See Similar Deals
Development Site9,105 SF
Sold 06/30/2025
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$362
Total Square Footage:9,105 SF
Transaction Type:Sale

This development site, located at 3010, 3016 & 3028 Northwest 17th Avenue in the Miami market, has a total land area of 25,534 square feet. The property features a building with a square footage of 3,050 and was sold for $3,300,000, equating to approximately $129 per land square foot and $1,082 per building square foot.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $3,300,000
  • Land Square Footage: 25,534
  • Price Per Land Square Foot: $129
  • Building Square Footage: 3,050
  • Price Per Building Square Foot: $1,082
  • Buyer: Allapattah CDC
  • Seller: Jose Barrios
  • Buyer's Representative: Jonathan Eismann - Gridline Properties
  • Seller's Representative: Jorge Jean - Doral Business Partners

The transaction involved key representatives in the real estate industry, with Jonathan Eismann from Gridline Properties representing the buyer and Jorge Jean from Doral Business Partners serving as the seller's representative. The collaboration between the brokers included a focus on transparency and professionalism throughout the complex sale process.

Players

Jonathan Eismann
36 deals$95.6M volume(305) 507-7098
BROKER


Gridline Properties
BROKERAGE

Details

SOLD
IMAGE: Jonathan Eismann & Jorge Jean DATE: 07/01/2025 ADDRESS: 3010, 3016 & 3028 Northwest 17th Avenue MARKET: Miami ASSET TYPE: Development Site BUYER: Allapattah CDC SELLER: Jose Barrios BUYER'S REP: Jonathan Eismann (@JonEismann) - Gridline Properties (@GridlineProperties) SELLER'S REP: Jorge Jean - Doral Business Partners SALE PRICE: $3,300,000 LAND SF: 25,534 ~ PP LAND SF: $129 BUILDING SF: 3,050 ~ PP BUILDING SF: $1,082 NOTE FROM BUYER'S REP: The sale of this multi-folio development site was complex from the start. The property had been on the market for many years without selling. However, Gridline Properties and Jonathan Eismann PA, acting as Transaction Brokers, were able to close this deal by demonstrating skill, honesty, integrity, and transparency throughout the process. Jorge Jean, the Seller's Broker, was highly professional and a pleasure to work with, representing both the property and the seller with great expertise.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$175,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20