Updated Oct 29, 2024
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
About this deal
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.
On the Map
$5,800,000
$138/SF
Development Site
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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