Updated Jun 26, 2026
Miami Regional University Purchases Development Site In Miami Springs For $2.5M
4349 Northwest 36th Street
$2,500,000
$273/SF
Building Size
9,133 SF
Asset Type
Development Site
Closing
Jun 22, 2026
About this deal
AI
The development site located at 4349 Northwest 36th Street in Miami Springs was sold for $2,500,000. The property encompasses an area of 9,133 square feet, which translates to a price per square foot of $273.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,500,000
- Address: 4349 Northwest 36th Street
- Market: Miami Springs
- Buyer: Miami Regional University - Richard Grillo
- Seller: International Association of Machinists & Aerospace Workers - Local Lodge 368
- Brokers: Alexandros (Alex) Tsoulfas & Brian Pineiro - STL Commercial
- Square Footage: 9,133
- Price Per Square Foot: $273
The transaction involved key individuals, including Richard Grillo representing Miami Regional University as the buyer, and the seller was represented by the International Association of Machinists & Aerospace Workers - Local Lodge 368. The brokers facilitating the deal were Alexandros (Alex) Tsoulfas and Brian Pineiro from STL Commercial.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Alexandros (Alex) Tsoulfas 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93