Updated Jun 26, 2026
Fermin Alvarez Acquires Development Site In Miami From Elizabeth Wilson For $1,000,000
999 Southwest 24th Road
$1,000,000
$741/SF
Building Size
1,349 SF
Asset Type
Development Site
Closing
Apr 21, 2026
About this deal
AI
The development site located at 999 Southwest 24th Road in Miami has been sold for $1,000,000. The property spans a total square footage of 1,349, resulting in a price per square foot of $741.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,000,000
- Buyer: Fermin Alvarez
- Seller: Elizabeth Wilson
- Brokers: Brandon Miguel & Jordy Perez - Cash4Keys
Brandon Miguel and Jordy Perez of Cash4Keys represented the transaction, and the firm is actively involved in acquiring investment properties throughout South Florida. They focus on off-market deals, value-added opportunities, developments, and strategic flips.
Market 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93