Updated Sep 9, 2024
Robert Dominguez And Carlos Perez Jr Acquire Development Site In Islamorada From Stephen Hayes For $1.025M
64 W Plaza Granada Islamorada, FL 33036, USA
$1,025,000
$170/SF
Building Size
6,000 SF
Asset Type
Development Site
Closing
Jul 13, 2023
About this deal
AI
A development site located at 64 West Plaza Granada in Islamorada has been sold for $1,025,000. The property spans a total of 6,000 square feet, resulting in a price per square foot of $171.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $1,025,000
- Address: 64 West Plaza Granada
- Market: Islamorada
The buyers of the development site are Robert Dominguez and Carlos Perez Jr. Representing the buyers in this transaction is Joseph Suarez from Florida Capital Realty. The sellers of the property are Stephen Hayes.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93