Howard Roark Acquires Development Site At 2641 Abaco Avenue From Andres Siso For $2.7M
SOLD
$2,700,000
Florida
See Similar DealsDevelopment Site7,225 SF
Sold 08/06/2024
SOLD
Howard Roark Acquires Development Site At 2641 Abaco Avenue From Andres Siso For $2.7M
2641 Abaco Avenue
See Similar DealsDevelopment Site7,225 SF
Sold 08/06/2024
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$373
Total Square Footage:7,225 SF
Transaction Type:Sale
The transaction involves a development site located at 2641 Abaco Avenue in the Miami market. The sale price for the property amounted to $2,700,000, with a total square footage of 7,225 and a price per square foot of $373.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $2,700,000
- Address: 2641 Abaco Avenue
- Market: Miami
- Square Footage: 7,225
- Price Per Square Foot: $373
- Buyer: Howard Roark
- Seller: Andres Siso
- Buyer's Representative: Alfredo Riascos - Gridline Properties
- Seller's Representative: Alejandro Salazar - Ubiica
Key individuals involved in this transaction include the buyer Howard Roark and seller Andres Siso, with Alfredo Riascos representing the buyer and Alejandro Salazar representing the seller. Each broker played a crucial role in facilitating the deal between the parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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