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Nathalie Miranda Acquires Development Site In Pinecrest From Lorraine Fuentes For $3.6M

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SOLD
$3,600,000

Florida

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Development Site3,591 SF
Sold 05/31/2022
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Property Image
SOLD

Nathalie Miranda Acquires Development Site In Pinecrest From Lorraine Fuentes For $3.6M

5865 Southwest 102nd Street, Pinecrest, Florida 33156, United States

See Similar Deals
Development Site3,591 SF
Sold 05/31/2022
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$1,002
Total Square Footage:3,591 SF
Transaction Type:Sale

A development site located at 5865 SW 102nd St in Pinecrest has been sold for a price of $3,600,000. The buyer of the property is Nathalie Miranda, while the seller is Lorraine Fuentes. The transaction was facilitated by Michael A. Diaz from Miami Brokers Group.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $3,600,000
  • Address: 5865 SW 102nd St
  • Market: Pinecrest

This sale marks the highest sold price for a buildable lot in Pinecrest, according to a note from broker Michael A. Diaz.

Players

Michael A. Diaz
7 deals$43.5M volume
BROKER

Details

SOLD
IMAGE: Michael A. Diaz DATE: 05/31/2022 ADDRESS: 5865 SW 102nd St MARKET: Pinecrest ASSET TYPE: Development Site BUYER: Nathalie Miranda SELLER: Lorraine Fuentes BROKER: Michael A. Diaz (@MikeDiaz_MBG) - Miami Brokers Group (@MiamiBrokersGroup) SALE PRICE: $3,600,000 BSF: 61,855 ~ PPBSF: $58 SF: 3,591 ~ PPSF: $1,003 NOTE FROM BROKER: $3.6MM is currently the HIGHEST SOLD price for a buildable lot in Pinecrest.

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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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