Liam Pine Acquires Development Site In Miami From Nelson Mendez For $2 Million
SOLD
$2,000,000
Florida
See Similar DealsDevelopment Site110,206 SF
Sold 09/24/2024
SOLD
Liam Pine Acquires Development Site In Miami From Nelson Mendez For $2 Million
SW 127 Ave
See Similar DealsDevelopment Site110,206 SF
Sold 09/24/2024
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$18
Total Square Footage:110,206 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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