Updated Oct 29, 2024
Pedro Rodriguez Acquires Development Site In Miami For $5.1M
5480 SW 118th Ave Miami, FL 33175, USA
$5,100,000
$13/SF
Building Size
381,716 SF
Asset Type
Development Site
Closing
Jul 10, 2023
About this deal
AI
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.
On the Map
$5,100,000
$13/SF
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93