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SW 127 Ave

Liam Pine Acquires Development Site In Miami From Nelson Mendez For $2 Million
SOLDDevelopment Site

Liam Pine Acquires Development Site In Miami From Nelson Mendez For $2 Million

SW 127 Ave

$2,000,000

$18/SF

Building Size

110,206 SF

Asset Type

Development Site

Closing

Sep 24, 2024

AI

The asset involved in this transaction is a development site located at 19340 Southwest 127th Avenue in Miami. The sale price for the property was $2,000,000, with a total square footage of 110,206, resulting in a price per square foot of $18.

Summary of transation details:

The transaction involved key individuals, including buyer Liam Pine and seller Nelson Mendez, facilitated by brokers Vicente Rodriguez, Rey Moya, and Carlos Fausto Miranda from Fausto Commercial Realty Consultants, who played a significant role in the completion of this property deal.

Players

Carlos Fausto Miranda

Fausto Commercial Realty Consultants

Broker

$239.3M

vol

54 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93