SOLDDevelopment Site
Greg Bushman Acquires Development Site In Miami For $1M Via Fausto Commercial Realty Consultants
770 Southwest 5th Street
$1,000,000
Building Size
—
Asset Type
Development Site
Closing
Jun 19, 2024
AI
The property at 770 Southwest 5th Street in Miami, a Development Site, was sold for $1,000,000. The building size is 10,000 square feet, equating to a price per square foot of $100.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $1,000,000
- Buyer: Greg Bushman
- Seller: Alex Lam
- Brokers: Christopher Carbonell & Mauricio Villasuso - Fausto Commercial Realty Consultants
Mauricio Villasuso & Christopher Carbonell from Fausto Commercial Realty Consultants represented the parties involved in this property transaction.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93