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5400 Southwest 80th Street,...

S. Bruce Beattie & Beverly E Beattie Sell Development Site In Ponce-Davis, Miami For $1.54M
SOLDDevelopment Site

S. Bruce Beattie & Beverly E Beattie Sell Development Site In Ponce-Davis, Miami For $1.54M

5400 Southwest 80th Street, Miami, FL, USA

$1,540,000

$458/SF

Building Size

3,362 SF

Asset Type

Development Site

Closing

Apr 21, 2021

AI

A development site located at 5400 SW 80 Street in the Ponce-Davis neighborhood of Miami has been sold. The property, which spans 43,560 square feet, was sold on April 22, 2021, for a price of $1,540,000. The sale price translates to a price per buildable square foot (PPBSF) of $35.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,540,000
  • Address: 5400 SW 80 Street, Ponce-Davis, Miami
  • Built Square Feet (BSF): 43,560
  • Price per Buildable Square Foot (PPBSF): $35

Geraldine Hidalgo from Douglas Elliman represented the seller, S. Bruce Beattie & Beverly E Beattie, in this transaction.

Players

Geraldine Hidalgo

Douglas Elliman

Broker

$5.2M

vol

2 deals

Broker

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

10.30%

Cash-on-Cash

-2.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93