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
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…
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