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Equity Trust Company Custodian FBO Mohammad Hajjar IRA Acquires 0.45 Acres In Miami For $1.15M
SOLD
Florida
See Similar DealsLand19,400 SF
Sold 02/03/2025
SOLD
Equity Trust Company Custodian FBO Mohammad Hajjar IRA Acquires 0.45 Acres In Miami For $1.15M
26536 South Dixie Highway
See Similar DealsLand19,400 SF
Sold 02/03/2025
Summary
FLORIDA
Asset Type:Land
Price Per Square Foot:$59
Total Square Footage:19,400 SF
Transaction Type:Sale
A 0.45-acre commercial land parcel located at 26536 South Dixie Highway in Miami was sold for $1.15 million. The property encompasses a total square footage of 19,400 and was priced at $59 per square foot.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,150,000
- Address: 26536 South Dixie Highway
- Market: Miami
- Acres: 0.45
- Square Footage: 19,400
- Price Per Square Foot: $59
- Buyer: Equity Trust Company Custodian FBO Mohammad Hajjar IRA
- Seller: Barrio Holdings LLC
- Broker Representation: Bobby Berrido & Miguel Fuentes - Fausto Commercial Realty Consultants
The transaction was facilitated by Miguel Fuentes and Bobby Berrido of Fausto Commercial Realty Consultants, representing both the buyer and seller in this land acquisition deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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