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Jeff Walker Purchases Land Parcel From Ryan Shear In Miami For $8,000,000
SOLD
$8,000,000
Florida
See Similar DealsLand
Sold 05/29/2026
SOLD
Jeff Walker Purchases Land Parcel From Ryan Shear In Miami For $8,000,000
20 Northeast 11th Street
See Similar DealsLand
Sold 05/29/2026
Summary
FLORIDA
Asset Type:Land
Transaction Type:Sale
Jeff Walker purchased a land parcel located at 20 Northeast 11th Street in Miami. The transaction was valued at $8,000,000, and the property transfer occurred within the Miami market.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $8,000,000
- Buyer: Jeff Walker
- Seller: Ryan Shear
- Closing Date: May 29, 2026
Ryan Shear represented himself in the sale, indicating a direct transaction without a broker involved from the seller's side. Jeff Walker also acted without a broker in this significant multi-million dollar property transfer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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