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Oscar Arellano & Jennifer Restrepo Facilitate $3.5M Land Sale In Pinecrest

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SOLD
$3,500,000

Florida

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Land
Sold 04/08/2024
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SOLD

Oscar Arellano & Jennifer Restrepo Facilitate $3.5M Land Sale In Pinecrest

6350 Southwest 109th Street

See Similar Deals
Land
Sold 04/08/2024
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Summary

FLORIDA
Asset Type:Land
Transaction Type:Sale

The land parcel located at 6350 Southwest 109th Street in Pinecrest spans 0.89 acres and was sold for $3,500,000. Oscar Arellano of Berkshire Hathaway HomeServices represented the buyer, while Jennifer Restrepo of EXP Realty served as the seller's representative.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $3,500,000
  • Address: 6350 Southwest 109th Street
  • Market: Pinecrest
  • Asset Type: Land
  • ACRES: 0.89

Oscar Arellano of Berkshire Hathaway HomeServices acted as the buyer's representative, facilitating the sale of the land parcel, while Jennifer Restrepo, representing EXP Realty, managed the sale from the seller's side.

Players

Oscar Arellano
8 deals$47.2M volume
BROKER

Jennifer Restrepo
EXP Realty
3 deals$18.9M volume
BROKER

Details

SOLD
IMAGE: Jennifer Restrepo & Oscar Arellano DATE: 04/08/2024 ADDRESS: 6350 Southwest 109th Street MARKET: Pinecrest ASSET TYPE: Land ~ ACRES: 0.89 BUYER'S REP: Oscar Arellano (@Oscar_Arellano_Realtor) - Berkshire Hathaway HomeServices (@BHHSRealEstate) SELLER'S REP: Jennifer Restrepo - EXP Realty (@ExpRealty_) SALE PRICE: $3,500,000 NOTE: Oscar Arellano of Berkshire Hathaway HomeServices represented the buyer in the sale of a land parcel located at 6350 Southwest 109th Street in Pinecrest for $3,500,000, with Jennifer Restrepo of EXP Realty serving as the seller's representative. The property, spanning 0.89 acres, presents a significant investment opportunity in the Pinecrest market.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$186,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43