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:
- Property Type: Development Site
- Transaction Amount: $2,000,000
- Address: 19340 Southwest 127th Avenue
- Market: Miami
- Square Footage: 110,206
- Price per Square Foot: $18
- Buyer: Liam Pine
- Seller: Nelson Mendez
- Brokers: Vicente Rodriguez, Rey Moya & Carlos Fausto Miranda - Fausto Commercial Realty Consultants
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
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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