MV Group USA Acquires Development Site On US1 SW 112 Street In Miami-Dade County For $5.8M
SOLD
$5,800,000
Florida
See Similar DealsDevelopment Site42,000 SF
Sold 04/17/2020
SOLD
MV Group USA Acquires Development Site On US1 SW 112 Street In Miami-Dade County For $5.8M
Southwest 112th Street, Miami, FL, USA
See Similar DealsDevelopment Site42,000 SF
Sold 04/17/2020
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$138
Total Square Footage:42,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
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