Updated Oct 28, 2024
Fifield Companies Acquires Development Site In Wynwood, Miami For $19.5M
45 Northeast 27th Street, Miami, Florida 33137, United States
$19,500,000
$318/SF
Building Size
61,250 SF
Asset Type
Development Site
Closing
Jan 10, 2022
About this deal
AI
A development site located at 45 Northeast 27 Street in Wynwood, Miami has been sold for a price of $19,500,000. The property has a total square footage of 61,250 and was sold at a price per square foot of $318. The sale also included a buildable square footage (BSF) of 441,000, resulting in a price per buildable square foot (PPBSF) of $44.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $19,500,000
- Address: 45 Northeast 27 Street, Wynwood, Miami
- Market: Wynwood, Miami
The buyer of the property was Fifield Companies, while the seller was CHO RE Holdings represented by Tony Cho, Scott Silver, and Newcomb Properties. The deal was facilitated by Juan Andres Nava and Jack Conrad from Metro 1 Commercial, serving as the brokers.
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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93