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475 Northwest 36th Street

Evolve Companies Acquires Development Site In Miami For $8.975M
SOLDDevelopment Site

Evolve Companies Acquires Development Site In Miami For $8.975M

475 Northwest 36th Street

$8,975,000

Building Size

Asset Type

Development Site

Closing

Dec 7, 2022

AI

A development site located at 475 Northwest 36th Street in Miami has been sold in a closed transaction. The sale took place on 12/08/2022, with a sale price of $8,975,000. The site has a total square footage of 30,685, resulting in a price per square foot of $292.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $8,975,000
  • Address: 475 Northwest 36th Street, Miami

Michael P. Winstead, representing Evolve Companies, acted as the buyer in this transaction. Carlos Escobedo Lopez served as the seller. The sale was facilitated by the brokers Thano Mazas, Jamie Rose Maniscalco, Martin Bravo, and APEX Capital Realty.

Players

Jamie Rose Maniscalco

The Alpha Commercial

Broker

$197.5M

vol

57 deals

Broker
EC
Evolve CompaniesBuyer

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

1.77%

Cash-on-Cash

-0.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93