Updated Sep 9, 2024
Allen Morris Sells Development Site In Miami For $4.4M With Brokers Fabio Faerman, Sebastian Faerman & Allan Filgueiras - FA Commercial
75 Southwest 11th Street, Miami, Florida 33130, United States
$4,400,000
$880/SF
Building Size
5,000 SF
Asset Type
Development Site
Closing
Jun 29, 2022
About this deal
AI
Located at 75 SW 11th St in Miami, this development site was recently sold for $4,400,000. The property spans approximately 5,000 square feet, resulting in a price per square foot of $880. With a building square footage of 19,155, the price per buildable square foot comes out to $230.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $4,400,000
- Address: 75 SW 11th St, Miami
- Market: Miami
- Built Square Footage: 19,155
- Price Per Buildable Square Foot: $230
- Lot Size: 5,000 square feet
- Price Per Square Foot: $880
The sale of this development site was facilitated by the brokers Fabio Faerman, Sebastian Faerman, and Allan Filgueiras from FA Commercial, representing the seller, Allen Morris.
On the Map
$4,400,000
$880/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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93