Updated Oct 12, 2026
City Electric Supply Company Acquires Development Site In Miami From Babba Yesharim
3501 Northwest 2nd Avenue, Miami, Florida 33127, United States
$3,500,000
$368/SF
Building Size
9,500 SF
Asset Type
Development Site
Closing
Apr 12, 2022
About this deal
AI
A development site located at 3501 NW 2 Ave and 187 NW 35th St in Miami has been sold for $3,500,000. The property spans approximately 9,500 square feet and has a price per buildable square foot (PPBSF) of $368. The transaction took place on April 13, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,500,000
- Buyer: City Electric Supply Company
- Seller: Babba Yesharim
- Broker: Virgilio Fernandez - Colliers
- Address: 3501 NW 2 Ave and 187 NW 35th St, Miami
- Market: Miami
- BSF: 9,500
- PPBSF: $368
City Electric Supply Company acquired the development site from the seller, Babba Yesharim. The transaction was facilitated by Virgilio Fernandez from Colliers.
On the Map
$3,500,000
$368/SF
Development Site
View full map
Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Babba Joshua Yesharim to view all their deals.
Browse Florida development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93