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8410 East Dixie Highway

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

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

8410 East Dixie Highway

$1,375,000

Building Size

Asset Type

Development Site

Closing

Jun 6, 2024

AI

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

Fausto Commercial Realty Consultants

Broker

$63.5M

vol

16 deals

Broker

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

11.54%

Cash-on-Cash

-3.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93