MV Group USA Acquires Development Site On US1 SW 112 Street In Miami-Dade County For $5.8M
Southwest 112th Street, Miami, FL, USA
$5,800,000
$138/SF
Building Size
42,000 SF
Asset Type
Development Site
Closing
Apr 16, 2020
AI
A development site located on US1 SW 112 Street in Miami-Dade County has been sold for a transaction amount of $5,800,000. The property spans 42,000 square feet and has a price per buildable square foot (PPBSF) of $138.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $5,800,000
- Address: US1 SW 112 Street
- Market: Miami-Dade County
- Buyer: MV Group USA - Manny Varas
- Broker: Andrew Pearl - Investment Management Associates
- BSF: 42,000
- PPBSF: $138
MV Group USA, represented by Manny Varas, acquired the development site in this transaction. The deal was facilitated by Andrew Pearl from Investment Management Associates.
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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93