Allen Morris Sells Development Site In Miami For $4.4M With Brokers Fabio Faerman, Sebastian Faerman & Allan Filgueiras - FA Commercial
SOLD
$4,400,000
+ 1
Florida
See Similar DealsDevelopment Site5,000 SF
Sold 06/30/2022
SOLD
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
See Similar DealsDevelopment Site5,000 SF
Sold 06/30/2022
+ 1
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$880
Total Square Footage:5,000 SF
Transaction Type:Sale
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
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
Is there something missing? Send suggestions