Updated Dec 4, 2024
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
About this deal
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.
The development site sale at 770 Southwest 5th Street in Miami, Florida sold for $1M in 2024. 770 Southwest 5th Street is classified as Development Site on Traded. Carlos Fausto Miranda, Christopher Carbonell, Fausto Commercial Realty Consultants appear on the sale alongside Fausto Commercial Realty Consultants. This page is the Miami, Florida file for the 770 Southwest 5th Street development site sold: pricing, party profiles, and other closed development site comps from the same Miami sit in the Market section below. Filter that Miami development site set by closing date to see what else sold near 770 Southwest 5th Street around 2024. Published consideration for 770 Southwest 5th Street is $1M, dated 2024. Cite this Greg Bushman Acquires Development Site In Miami For $1M Via Fausto Commercial Realty Consultants sale when underwriting similar development site product around Miami, Florida.
On the Map
$1,000,000
Development Site
View full map
Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse Miami development site sales on Traded.
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