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Justin Knops Purchases Development Site From Monique Taylor For $1.375M In Miami

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SOLD
$1,375,000

Florida

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Development Site
Sold 06/06/2024
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SOLD

Justin Knops Purchases Development Site From Monique Taylor For $1.375M In Miami

8410 East Dixie Highway

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Development Site
Sold 06/06/2024
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Sale

The property asset involved in the transaction is a development site located at 8410 East Dixie Highway in Miami. The sale price was $1,375,000, and the building size is approximately 28,065 square feet, resulting in a price per square foot of $49.

Summary of transaction details:

The transaction featured Justin Knops as the buyer and Monique Taylor as the seller, facilitating the exchange of the property. The deal was conducted with the assistance of brokers Vicente Rodriguez and Frank Campos from Fausto Commercial Realty Consultants, who represented the interests of the parties involved.

Players

Vicente Rodriguez
16 deals$63.5M volume(305) 510-6627
BROKER

Frank Campos
Fausto Commercial Realty Consultants
2 deals$21.5M volume(786) 805-7408
BROKER

Details

SOLD
IMAGE: Vicente Rodriguez & Frank Campos DATE: 06/06/2024 ADDRESS: 8410 East Dixie Highway MARKET: Miami ASSET TYPE: Development Site BUYER: Justin Knops SELLER: Monique Taylor BROKERS: Vicente Rodriguez & Frank Campos (@miamicommercialdeals) - Fausto Commercial Realty Consultants (@FaustoCommercial) SALE PRICE: $1,375,000 BSF: 28,065 ~ PPBSF: $49

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$73,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,885.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,518.20
Annual Debt Service$78,218.42