Updated Oct 29, 2024
Make-A-Wish Acquires Development Site In Miami For $8M
350 Northwest 6th Street, Miami, FL, USA
$8,000,000
$1,265/SF
Building Size
6,324 SF
Asset Type
Development Site
Closing
Jan 21, 2021
About this deal
AI
A development site located at 350 NW 6th Street in Miami has been sold in a closed transaction. The property spans 1.6 acres and was sold for a price of $8,000,000, resulting in a price per acre (PPA) of $5,000,000. The sale took place on January 22, 2021. The buyer in this transaction was Make-A-Wish represented by Norman Wedderburn, while the sellers were Yul Laviv and Tom Post.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $8,000,000
- Address: 350 NW 6th Street, Miami
- Market: Miami
The buyer's representative in this deal was NAI Miami, and the seller's representatives were Lawrence Stockton and Jeff Resnick from Colliers International.
Jeff Resnick and Norman Wedderburn can be seen in the image associated with this transaction.
On the Map
$8,000,000
$1,265/SF
Development Site
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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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93