Equity Trust Company Custodian FBO Mohammad Hajjar IRA Acquires 0.45 Acres In Miami For $1.15M
26536 South Dixie Highway
$1,150,000
$59/SF
Building Size
19,400 SF
Asset Type
Land
Closing
Feb 3, 2025
About this deal
AI
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.
Players
Homestead Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93