Updated Oct 29, 2024
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
About this deal
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.
On the Map
$8,975,000
Development Site
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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
1.77%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93