Updated Oct 28, 2024
Lincoln Marti Charter Schools Acquires Development Site In Miami For $1.15M
955 West Flagler Street, Miami, FL 33130
$1,150,000
$403/SF
Building Size
2,850 SF
Asset Type
Development Site
Closing
Jul 1, 2020
About this deal
AI
A development site located at 955 West Flagler St in Miami was recently sold. The property was sold on July 1, 2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,150,000
The seller of the property was Warrior Capital II LLC, represented by Babba Yesharim and Robert Rudman. The buyer of the property was Lincoln Marti Charter Schools. The transaction was facilitated by Babba Joshua Yesharim, a broker from an undisclosed agency.
The development site sale at 955 West Flagler Street, Miami, FL 33130 in Miami, Florida sold for $1.2M in 2020. The building is 2,850 square feet, implying about 403 per square foot on the published price. Named participants on the 955 West Flagler Street, Miami, FL 33130 sale are Babba Joshua Yesharim. This page is the Miami, Florida file for the 955 West Flagler Street, Miami, FL 33130 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 955 West Flagler Street, Miami, FL 33130 around 2020. Published consideration for 955 West Flagler Street, Miami, FL 33130 is $1.2M, dated 2020. Cite this Lincoln Marti Charter Schools Acquires Development Site In Miami For $1.15M sale when underwriting similar development site product around Miami, Florida.
Players
Miami Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93