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75 Southwest 11th Street, M...

Allen Morris Sells Development Site In Miami For $4.4M With Brokers Fabio Faerman, Sebastian Faerman & Allan Filgueiras - FA Commercial
SOLDDevelopment Site

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

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.

Players

Fabio Faerman

FA Commercial

Broker

$271.8M

vol

63 deals

Broker
Fortune International Realty
Fortune International RealtyBrokerage

Allen Morris

The Allen Morris Co.

Seller

$111.4M

vol

4 deals

Seller

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