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Oscar Arellano & Jennifer Restrepo Facilitate $3.5M Land Sale In Pinecrest
SOLD
Florida
See Similar DealsLand
Sold 04/08/2024
SOLD
Oscar Arellano & Jennifer Restrepo Facilitate $3.5M Land Sale In Pinecrest
6350 Southwest 109th Street
See Similar DealsLand
Sold 04/08/2024
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.
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Deal Type
30 years
10 years
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
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