Nathalie Miranda Acquires Development Site In Pinecrest From Lorraine Fuentes For $3.6M
SOLD
$3,600,000
Florida
See Similar DealsDevelopment Site3,591 SF
Sold 05/31/2022
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 DealsDevelopment Site3,591 SF
Sold 05/31/2022
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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