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Pedro Rodriguez Acquires Development Site In Miami For $5.1M

Property Image
SOLD
$5,100,000
Michael B Williams
Alejandro Snyder
PR

Florida

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Development Site381,716 SF
Sold
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Property Image
SOLD

Pedro Rodriguez Acquires Development Site In Miami For $5.1M

5480 SW 118th Ave Miami, FL 33175, USA

See Similar Deals
Development Site381,716 SF
Sold
Michael B Williams
Alejandro Snyder
PR
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$13
Total Square Footage:381716 SF
Transaction Type:Sale

A development site located at 5480 Southwest 118th Avenue in Miami has been sold for a total of $5,100,000. The property spans a total area of 381,716 square feet, resulting in a price per square foot of $13. The transaction took place on 07/10/2023.

Summary of Transaction Details:

  • Property Type: Development Site
  • Transaction Amount: $5,100,000
  • Address: 5480 Southwest 118th Avenue, Miami
  • Square Footage: 381,716 SF
  • Price per Square Foot: $13
  • Buyer: Pedro Rodriguez
  • Brokers: Alejandro Snyder & Michael B. Williams - Current Real Estate Advisors

Pedro Rodriguez has acquired the development site at 5480 Southwest 118th Avenue. The buyer was represented by Alejandro Snyder & Michael B. Williams from Current Real Estate Advisors.

Players

Alejandro Snyder
Current Real Estate Advisors
Alejandro Snyder
14 deals$74.8M volume(305) 783-8890
BROKER
Michael B Williams
Current Real Estate Advisors
Michael B Williams
12 deals$46.8M volume
BROKER
PR
Pedro Rodriguez
3 deals$23.7M volume
BUYER

Details

SOLD
IMAGE: Alejandro Snyder & Michael B. Williams DATE: 07/10/2023 ADDRESS: 5480 Southwest 118th Avenue MARKET: Miami ASSET TYPE: Development Site BUYER: Pedro Rodriguez BROKERS: Alejandro Snyder (@Alejandrosnyder1) & Michael B. Williams (@Michael.B.Williamscre) - Current Real Estate Advisors (@CurrentRealEstate) SALE PRICE: $5,100,000 SF: 381,716 ~ PPSF: $13

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$18,119.23
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