Nexxos Realty Broker Anamaria Velasquez Sells Development Site In Pinecrest For $5.95M
SOLD
$5,950,000
Florida
See Similar DealsMultiFamily36,154 SF
Sold 05/05/2023
SOLD
Nexxos Realty Broker Anamaria Velasquez Sells Development Site In Pinecrest For $5.95M
11630 Southwest 62nd Avenue
See Similar DealsMultiFamily36,154 SF
Sold 05/05/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$164
Total Square Footage:36,154 SF
Transaction Type:Sale
A development site located at 11630 Southwest 62nd Avenue in Pinecrest has been sold for $5,950,000. The property spans 36,154 square feet with a price per square foot of $165.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $5,950,000
- Square Feet: 36,154
- Price Per Square Foot: $165
- Address: 11630 Southwest 62nd Avenue, Pinecrest
The sale was facilitated by Anamaria Velasquez of Nexxos Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$317,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,139.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,206.04
Annual Debt Service$338,472.43
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