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:
- Property Type: Development Site
- Transaction Amount: $1,375,000
- Address: 8410 East Dixie Highway
- Market: Miami
- Building Size: 28,065 sq ft
- Price per Square Foot: $49
- Buyer: Justin Knops
- Seller: Monique Taylor
- Brokers: Vicente Rodriguez & Frank Campos - Fausto Commercial Realty Consultants
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
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