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26536 South Dixie Highway

Equity Trust Company Custodian FBO Mohammad Hajjar IRA Acquires 0.45 Acres In Miami For $1.15M
SOLDLand

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

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

Bobby Berrido, CCIM

Fausto Commercial Realty Consultants

Broker

$107.3M

vol

23 deals

Broker

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