Updated Oct 29, 2024
Scarofa International Acquires Development Site In Miami For $5.2M
7520 Southwest 100th Street, Miami, FL, USA
$5,200,000
$58/SF
Building Size
88,426 SF
Asset Type
Development Site
Closing
Jan 7, 2021
About this deal
AI
A development site located at 7520 Southwest 100 Street in Miami has been sold for a price of $5,200,000. The transaction took place on 12/15/2020 and involved Scarofa International as the buyer and GREC Pinecrest as the seller. The property spans a total of 88,426 square feet, resulting in a price per square foot of $589. The site consists of 18 units, and the price per unit was $288,888.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $5,200,000
- Address: 7520 Southwest 100 Street, Miami
- Market: Miami
- Buyer: Scarofa International
- Seller: GREC Pinecrest
- Broker: FA Commercial - Fabio Faerman
The deal was facilitated by Fabio Faerman from FA Commercial on behalf of Scarofa International. The involvement of both the buyer and seller's representatives ensured a smooth transaction process.
Players
Pinecrest 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93